BRICS, Trump and Anti-American
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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.
U.S. President Donald Trump on Sunday said that countries aligning themselves with the "Anti-American policies" of BRICS, will be charged an additional 10% tariff.
"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff," Trump's post stated. "There will be no exceptions to this policy."
5don MSN
Trump confirmed the U.S. will start delivering letters on Monday, detailing tariff rates and any agreements reached with various trading partners.
The president's statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa (BRICS) is meeting in Rio de Janeiro this week.