Trump issues threat to BRICS partners to impose additional tariffs
(MENAFN)
US President Donald Trump has threatened to impose an extra 10% tariff on any country that sides with the BRICS economic bloc, accusing the group of pursuing “anti-American policies.” This warning came shortly after BRICS wrapped up its annual summit in Rio de Janeiro. While the bloc’s joint declaration criticized unilateral tariffs and “indiscriminate” trade measures, it did not specifically mention the US.
US President Donald Trump has threatened to impose an extra 10% tariff on any country that sides with the BRICS economic bloc, accusing the group of pursuing “anti-American policies.” This warning came shortly after BRICS wrapped up its annual summit in Rio de Janeiro. While the bloc’s joint declaration criticized unilateral tariffs and “indiscriminate” trade measures, it did not specifically mention the US.
Trump announced on Truth Social that “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,” stressing that there would be no exceptions.
This follows an even sterner warning from February when Trump threatened BRICS members with tariffs as high as 100%, declaring the bloc “dead” if it attempted to establish a common currency or challenge the US dollar’s supremacy in global trade.
BRICS, originally made up of Brazil, Russia, India, and China since 2006, has expanded to include South Africa, Egypt, Iran, Ethiopia, the UAE, and Indonesia. At last year’s summit in Kazan, the group introduced a ‘partner country’ status amid rising interest from over 30 nations. Russian President Vladimir Putin highlighted during Sunday’s summit that BRICS’ combined GDP now exceeds that of the G7 when measured by purchasing power parity, representing nearly half the world’s population and about 40% of global GDP.
Since returning to office in January, Trump has pursued tariffs aimed at shielding US manufacturers, culminating in a broad set of tariffs announced on April 2, dubbed ‘Liberation Day,’ which included a 10% tariff and up to 70% on countries he claimed treated the US unfairly.
Many tariffs were paused for 90 days to allow talks, with the deadline extended to August 1. Trump announced that tariff letters and deals with various countries will begin to be sent starting Monday, July 7. US Treasury Secretary Scott Bessent told CNN that letters will also be sent to 100 smaller countries, many of which already face a baseline 10% tariff.
So far, the US has finalized deals with the UK, maintaining a 10% tariff, and with Vietnam, imposing a minimum 20% tariff. Washington also reached a temporary deal with China to cap tariffs at 30% after a series of increases that had pushed rates as high as 145%.
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