President of america 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 Photos
U.S. President Donald Trump has threatened a further 10% tariff on nations 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.
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 prevailing financial disparities.
“Any Nation aligning themselves with the Anti-American insurance policies of BRICS, will probably be charged an ADDITIONAL 10% Tariff. There will probably be no exceptions to this coverage,” Trump stated in a submit on Fact Social Sunday night stateside.
The BRICS group of growing nations additionally provided symbolic backing to fellow member, Iran, condemning a collection of navy strikes on the nation, with out naming Israel or the uswhich carried out the navy operation.
BRICS 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 nations from the International South and for coordination in probably the most various 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 Felony Courtroom, attended on-line.
BRICS objectives embody enhancing financial, political and social cooperation amongst its members, and “rising the affect of International South nations 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 function 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 numerous buying and selling companions. That affirmed Treasury Secretary Scott Bessent’s feedback over the weekend.
The Trump administration has stated that tariffs introduced in April will take impact on Aug. 1, as a substitute of July 9, for nations 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 fee that is your selection,” Bessent stated 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 traders and U.S. buying and selling companions.
— CNBC’s Erin Doherty, Lim Hui Jie contributed to this story.
