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,

President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

Trump has warned that BRICS countries, including India, could face a 10 per cent tariff, accusing the group of trying to harm the United States and weaken the US dollar. He said BRICS was formed to challenge the dollar’s global dominance.