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Home Market Research Economy

Trump says countries aligning with BRICS bloc will face extra 10% tariff

by TheAdviserMagazine
3 months ago
in Economy
Reading Time: 1 min read
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Trump says countries aligning with BRICS bloc will face extra 10% tariff
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President of the United States 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 Images

U.S. President Donald Trump announced that an additional 10% tariff will be charged to countries “aligning themselves with the anti-American policies of BRICS,” without elaborating.

“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.

Trump’s announcement came as the BRICS bloc of developing countries have gathered in Rio de Janeiro, Brazil for a summit.

The BRICS group 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.”

Chinese President Xi Jinping sent premier Li Qiang to the meeting in his absence, while Russian President Vladimir Putin attended online.

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.

This is breaking news. Please refresh for updates.



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