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.

President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.

President Donald Trump announced Sunday that the U.S. will impose an additional 10% tariff on countries aligning with the BRICS bloc, calling the group’s stance “Anti-American," according to Reuters.