US President Donald Trump has warned that his Administration will impose an additional ten per cent tariff on countries aligning themselves with what he termed as anti-American policies of the BRICS. In a social media post, he said there will be no exceptions to this policy. Trump’s remarks came after the BRICS, a grouping of Brazil, China, South Africa and India, condemned the increase in tariffs by the US. In its meeting in Brazil, the grouping also condemned the recent US and Israeli attacks on Iran.
Meanwhile, Trump has announced that US tariff letters and deals with various countries from around the world will be delivered starting today. The Trump administration’s 90-day pause on higher duties is set to expire on Wednesday.
US President warns 10% tariff on countries aligning with anti-American BRICS policies; no exceptions –
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