Former White House trade adviser Peter Navarro claimed the BRICS alliance is unsustainable because member nations “hate each other.” In a scathing attack, he likened their trade with the US to “vampires” and criticised India’s Russian oil imports and high tariffs.
Jefferies has advised clients to buy Indian stocks, predicting Donald Trump will reverse his tariff stance. Analyst Christopher Wood highlighted India as Asia’s best long-term structural story, despite high valuations, while warning Trump’s policies could push BRICS nations toward de-dollarisation
