logo
Trump threatens extra 10% tariff on countries that align with BRICS

Trump threatens extra 10% tariff on countries that align with BRICS

Ya Libnan07-07-2025
Brazilian President Luiz Inacio Lula da Silva speaks during the BRICS summit, at the Museum of Modern Art in Rio de Janeiro on Sunday. | REUTERS
Summary
U.S. President
Donald Trump
has threatened an additional 10% tariff on countries that orient themselves along the 'Anti-American policies of
BRICS
.'
Trump's announcement, which did not elaborate on any specific policy of BRICS, came as the group's meeting is underway in Rio de Janeiro, Brazil.
The bloc's leaders took aim at Trump's sweeping tariff policies in
a joint statement dated July 6
, warning against 'unjustified unilateral protectionist measures, including the indiscriminate increase of reciprocal tariffs.'
Without calling out the U.S., the leaders voiced 'serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules,' warning that the 'proliferation of trade-restrictive actions' threaten to disrupt the global economy and worsen the existing economic disparities.
'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,' Trump said in a post on Truth Social Sunday evening stateside.
The BRICS group of developing nations also offered symbolic backing to fellow member, Iran, condemning a series of military strikes on the country, without naming Israel or the U.S which carried out the military operation.
BRICS includes Brazil, 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 forum for countries from the Global South and for coordination in the most diverse areas.'
This year, Chinese President Xi Jinping sent Premier Li Qiang to the meeting in his absence, while Russian President Vladimir Putin, who faces an arrest warrant from the International Criminal Court, attended online.
BRICS goals include improving economic, political and social cooperation among its members, and 'increasing the influence of Global South countries in international governance.'
The bloc seeks to challenge Western-dominated institutions of global economic governance, as well as to supplant the U.S. dollar's role in the global economy, according to the
Carnegie Endowment for International Peace
.
Separately, Trump confirmed that the U.S. will start delivering letters on Monday, detailing country-specific tariff rates and any agreements reached with various trading partners. That affirmed Treasury Secretary Scott Bessent's comments over the weekend.
The Trump administration has said that tariffs announced in April will take effect on Aug. 1, instead of July 9, for countries that have not reached an agreement with the U.S.
Bessent rejected the idea that Aug. 1 was yet another new tariff deadline. 'We are saying this is when it's happening, if you want to speed things up, have at it, if you want to go back to the old rate that's your choice,' Bessent said Sunday on CNN's 'State of the Union.'
In April, Trump announced a 90-day pause on the steep tariffs he had
unveiled just days
prior on most trading partners. That pause is due to expire on Wednesday, sparking concern among investors and U.S.
trading partners
.
CNBC
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Frozen funding fight: 24 states sue Trump admin over blocked after-school and summer program support
Frozen funding fight: 24 states sue Trump admin over blocked after-school and summer program support

Cedar News

time8 hours ago

  • Cedar News

Frozen funding fight: 24 states sue Trump admin over blocked after-school and summer program support

Twenty-four U.S. states have filed a lawsuit against the Trump administration over the freezing of billions of dollars in federal funding meant for after-school, summer, and enrichment programs. The lawsuit argues that the administration overstepped its authority by withholding funds already approved by Congress to support low-income students and working families. The states involved span across the country and include both Democratic and some swing states, reflecting a broad concern over the impact of the cuts on children's education and community services. State attorneys general claim the funding freeze violates federal law and threatens essential programs that help close educational gaps and provide safe environments for students outside regular school hours. The Department of Education under Trump has not commented on the ongoing legal action.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store