President of the USA Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025.
Kyle Mazza | Anadolu | Getty Pictures
U.S. President Donald Trump has threatened a further 10% tariff on international locations that orient themselves alongside the “Anti-American insurance policies of BRICS.”
Trump’s announcement, which didn’t elaborate on any particular coverage of BRICS, got here because the group’s assembly is underway in Rio de Janeiro, Brazil.
“Any Nation aligning themselves with the Anti-American insurance policies of BRICS, might be charged an ADDITIONAL 10% Tariff. There might be no exceptions to this coverage,” Trump mentioned in a submit on Reality Social Sunday night stateside.
The bloc’s leaders took goal at Trump’s sweeping tariff insurance policies in a joint assertion dated July 6, warning in opposition to “unjustified unilateral protectionist measures, together with the indiscriminate improve of reciprocal tariffs.”
With out calling out the U.S., the leaders voiced “severe considerations concerning the rise of unilateral tariff and non-tariff measures which distort commerce and are inconsistent with WTO guidelines,” warning that the “proliferation of trade-restrictive actions” threaten to disrupt the worldwide economic system and worsen the present financial disparities.
In addition they supplied symbolic backing to fellow member, Iran, condemning a sequence of army strikes on the nation, with out naming Israel or the uswhich carried out the army operation.
The BRICS group contains 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 discussion board for international locations from the World South and for coordination in probably the most numerous areas.”
This 12 months, Chinese language President Xi Jinping despatched Premier Li Qiang to the assembly in his absence, whereas Russian President Vladimir Putin, who faces an arrest warrant from the Worldwide Prison Courtroom, attended on-line.
BRICS objectives embrace enhancing financial, political and social cooperation amongst its members, and “growing the affect of World South international locations in worldwide governance.”
The bloc seeks to problem Western-dominated establishments of world financial governance, in addition to to supplant the U.S. greenback’s position within the world economic system, based on the Carnegie Endowment for Worldwide Peace.
Individually, Trump confirmed that the U.S. will begin delivering letters on Monday, detailing country-specific tariff charges and any agreements reached with varied buying and selling companions. That affirmed Treasury Secretary Scott Bessent’s feedback over the weekend.
The Trump administration has mentioned that tariffs introduced in April will take impact on Aug. 1, as an alternative of July 9, for international locations that haven’t reached an settlement with the U.S.
Bessent rejected the concept Aug. 1 was yet one more new tariff deadline. “We’re saying that is when it is taking place, if you wish to velocity issues up, have at it, if you wish to return to the outdated price that is your alternative,” Bessent mentioned Sunday on CNN’s “State of the Union.”
In April, Trump introduced a 90-day pause on the steep tariffs he had unveiled simply days prior on most buying and selling companions. That pause is because of expire on Wednesday, sparking concern amongst buyers and U.S. buying and selling companions.
— CNBC’s Erin Doherty, Lim Hui Jie contributed to this story.