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.

“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 threatened to add an additional 10 percent tariff to any country aligned with BRICS (Brazil, Russia, India, China, and South Africa) and then later threatened 25 percent tariffs as of 1 August on China,