BRICS, Trump and tariff
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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,
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."
President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners.
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.
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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.
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On Sunday, the BRICS group issued a statement condemning US and Israeli military strikes on Iran, a BRICS member.
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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.