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U.S. President Donald Trump warned early Monday that countries that support of BRICS nations -- Brazil, Russia, India and China -- would be slapped with an additional 10% tariff when across-the-board
U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,
The country is one of three dozen trading partners under threat of so-called reciprocal tariffs that has yet to receive a letter from Trump.
President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
Investors express concerns over Trump's tariffs on BRICS nations, viewing them as a tactic to counter China's growing influence in global trade
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On Sunday, the BRICS group issued a statement condemning US and Israeli military strikes on Iran, a BRICS member.
Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil.
8don MSN
Trump had previously threatened tariffs on the BRICS group if they followed through with plans to challenge the supremacy of the U.S. dollar.
President Donald Trump threatened to impose an additional 10% tariff on countries that he said support "anti-American" policies of the BRICS group of emerging economies.
“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.