Trump says countries aligning with BRICS bloc will face extra 10% tariff
U.S. President Donald Trump has issued a warning of an additional 10% tariff on nations aligning with the “Anti-American policies of BRICS.” This announcement came as the BRICS meeting took place in Rio de Janeiro, Brazil.
Trump’s statement followed a joint declaration by BRICS leaders criticizing unilateral protectionist measures and reciprocal tariffs. The leaders expressed concerns about trade-distorting actions that could disrupt the global economy.
Trump’s threat of an extra tariff on countries supporting BRICS policies could be a response to the group’s desire to challenge the U.S.-led world order in finance and global governance.
The BRICS group condemned military strikes on Iran without naming the countries responsible. This group of developing nations aims to enhance cooperation and influence in international governance.
BRICS seeks to challenge Western-dominated institutions and reduce the U.S. dollar’s global role. Chinese President Xi Jinping and Russian President Vladimir Putin were notable figures at the meeting.
On a separate note, the U.S. will begin sending letters detailing specific tariff rates and agreements with trading partners. The Trump administration’s tariff implementation has faced delays, with a recent pause set to expire soon.
Overall, Trump’s tariff threats and BRICS’ push for global influence highlight the ongoing tension in international trade relations.
