Developing nations at the BRICS summit on Monday brushed away an accusation from President Donald Trump that they are "anti-American," with Brazil's president saying the world does not need an emperor.

Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

Brazilian President Lula da Silva took a sharp dig at Donald Trump as the Brics summit wrapped up on Monday: "The world has changed. We don't want an emperor". His words came just hours after the US President took to his familiar playbook of tariff threats,