BRICS, Donald Trump and tariff
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“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,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.
U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,
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.
President Donald Trump announced a 50% tariff on goods from Brazil—the highest rate he has announced since he began announcing new levies this week in letters on social media—directly citing the country’s ongoing prosecution of former President Jair Bolsonaro, which he referred to as an “international disgrace” and a “witch hunt.”
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
President Trump said the U.S. would impose higher charges on imports from countries that follow the "anti-American policies" of major emerging economies including Brazil, China and Russia. "Any Country aligning themselves with the Anti-American policies of BRICS,
President Donald Trump is threatening an extra 10% tariff on nations that side with the "anti-American" policies of BRICS. Here's what that means.
Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.
BRICS officials kept their collective heads down on Monday morning as they awoke to an overnight threat by US President Donald Trump to penalize them for adopting policies he said were “anti-American.
Trump alleged BRICS was “set up to hurt us, to degenerate our dollar,” and warned that nations trying to undermine the dollar would “pay a big price.”
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