United States President Donald Trump has threatened to impose an additional 10 per cent tariff on countries that support the BRICS alliance. He issued the warning in a social media post on Sunday, July 7.
“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 wrote.
The threat follows rising tensions between the U.S and the BRICS group. The alliance recently expanded at its 2024 summit in Kazan, Russia. BRICS now includes Brazil, Russia, India, China, South Africa, and the United Arab Emirates. Thirteen new countries were also added as partners, including Nigeria, Algeria, Turkey, Vietnam, Indonesia, Belarus, and Uganda.
The group has grown into a powerful bloc that represents over half of the world’s population. Its core goal is to boost the influence of emerging economies and challenge Western dominance in trade, finance, and global governance.
Trump’s latest move came after BRICS finance ministers met in Rio de Janeiro and released a joint statement. The group criticised rising tariffs, called for reforms to the International Monetary Fund (IMF), and warned that current trade restrictions were “inconsistent with WTO rules.” They said such actions could disrupt global trade and supply chains.
Earlier this year, Trump announced a 10 per cent tariff on most goods entering the U.S. He argued that these tariffs would protect American jobs and revive domestic manufacturing.
In 2024, Trump had also warned of a 100 per cent tariff on BRICS countries if they went ahead with plans to create a new currency to rival the U.S. dollar. The bloc has been pushing for de-dollarisation. In 2023, nearly 20 per cent of global oil transactions were done in non-dollar currencies.
At the summit in Brazil, President Luiz Inácio Lula da Silva advocated for reforming Western-led global institutions. However, Brazil signalled its intention to avoid confrontation with the United States.
Trump has made trade a central focus of his second term. His administration insists that the new tariffs will strengthen American industries and reduce economic threats from rival powers.
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