President of america Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025.
Kyle Mazza | Anadolu | Getty Photographs
U.S. President Donald Trump introduced that an extra 10% tariff might be charged to nations “aligning themselves with the anti-American insurance policies of BRICS,” with out elaborating.
“Any Nation aligning themselves with the Anti-American insurance policies of BRICS, might be charged an ADDITIONAL 10% Tariff. There might be no exceptions to this coverage,” Trump stated in a submit on Fact Social Sunday night stateside.
Trump’s announcement got here because the BRICS bloc of growing nations have gathered in Rio de Janeiro for a summit.
The BRICS group consists of Brasil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran. The bloc describes itself as “a political and diplomatic coordination discussion board for nations from the World South and for coordination in probably the most numerous areas.”
Chinese language President Xi Jinping despatched premier Li Qiang to the assembly in his absence, whereas Russian President Vladimir Putin attended on-line.
Individually, Trump confirmed that the U.S. will begin delivering letters on Monday, detailing country-specific tariff charges and any agreements reached with varied buying and selling companions.
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