The U.S. president has threatened a 10 percent tariff on any country aligned with the BRICS bloc, a potential blow to Russia.

Donald Trump says he plans to increase blanket tariffs to 15 or 20 per cent on goods imported by the United States' trading partners. But it appears 'tariff fatigue' is setting in as the Australian dollar and share market largely ignore the US President's latest remarks.

President Trump and Congress are threatening harsh sanctions against Moscow for its three-year war in Ukraine.

The letters listed a range of tariffs. Goods entering the U.S. from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to a 25 percent levy. There will be a 30 percent levy on South African and Bosnian goods, while imports from Indonesia will be subject to a 32 percent rate.

Russia has said BRICS is not anti-American, rejecting Trump’s threats as “language of manipulation and coercion.” Russian Deputy Foreign Minister Sergei Ryabkov has dismissed suggestions that the BRICS group of emerging economies is anti-American, responding to recent remarks by US President Donald Trump.