
President Donald Trump threatened to impose an additional 10% tariff on any country that aligns itself with what he described as the âanti-Americanâ agenda of a growing global alliance of emerging economies.
The warning followed a weekend summit in Rio de Janeiro, where leaders from the BRICS coalition â a 10-nation alliance including China, Russia, India, Brazil and South Africa â gathered to discuss trade, defense and global governance. Trumpâs threat landed just days before the July 9 deadline for countries to reach a trade deal with the U.S. before the administrationâs âLiberation Dayâ tariffs are reinstated.
âAny 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,â Trump posted on Truth Social.
The White House did not clarify which specific âanti-American policiesâ Trump was referring to when reached for comment.
BRICS nations â representing roughly 39% of global GDP â condemned the âproliferation of trade-restrictive actionsâ in a joint declaration released Sunday, though neither the U.S. nor Trump was mentioned explicitly.
âWe voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules,â the group said.
This is not the first time Trump has taken aim at BRICS. In the past, the president has also threatened to impose 100% tariffs on BRICS nations that abandoned the U.S. dollar as their reserve currency.
The bloc also expressed âserious concernâ over the recent attacks by the U.S. and Israel on what it called Iranâs âpeaceful nuclear facilities,â labeling the strike as a violation of international law and the Charter of the United Nations. At the summit, Brazilian President Luiz Inacio Lula da Silva also characterized Israelâs conflict with Hamas as a âgenocide,â while condemning NATO nationsâ recent decision to increase their defense spending to 5% of GDP.
The Trump administration is preparing to unleash a new wave of pressure on global trading partners this week, warning that failure to strike deals by Wednesday could result in steep new tariffs taking effect on August 1. Trump confirmed on Truth Social that âtariff lettersâ will begin going out starting Monday.
âWeâve had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals,â Treasury Secretary Scott Bessent said in an interview with CNBC on Monday. âSo itâs going to be a busy couple of days.â
So far, the Trump administration has announced trade deals with the U.K., Vietnam and China.
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