President Donald Trump warns of 10% tariffs on countries supporting BRICS' "anti-American" policies.
On July 7, US President Donald Trump posted a notable statement on the social media platform Truth Social. In the post, Trump emphasized that any country linking or showing support for BRICS' "anti-American" policies would face an additional 10% tariff on exported goods to the United States. The President also clearly stated: "There will be no exceptions to this policy."
However, Trump did not provide a specific definition or detailed explanation of what constitutes BRICS' "anti-American" policies in this statement. This statement comes as BRICS – the economic alliance comprising Brazil, Russia, India, China, and South Africa – is expanding its global influence and showing a trend of distancing itself from Western economic and political influence, especially from the United States.
Previously, Trump had also caused a stir by threatening to impose 100% tariffs on goods from 9 BRICS countries if these nations continue to take actions that weaken the role of the USD in the global financial system, according to AP.
