BRICS leaders are meeting in Brazil for a two-day summit, as Donald Trump vows an extra 10% tariff against countries “aligning” with the bloc.

Leaders of the growing BRICS group of developing nations met in Rio de Janeiro on Sunday, reaffirming the bloc’s commitment to multilateral diplomacy.

In his opening remarks, Brazilian President Luiz Inacio Lula da Silva said, “We are witnessing the unparalleled collapse of multilateralism.”

“If international governance does not reflect the new multipolar reality of the 21st century, it is up to BRICS to help bring it up to date,” he said.

He also criticized the NATO military alliance, accusing it of fueling a global arms race after it set a defense spending target of 5% of GDP late last month.