BRICS, Donald Trump and tariff
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Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,
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.
The United States' fresh warning came just a day after Trump said he was close to finalising a trade deal with New Delhi.
US President Donald Trump warned that members of the BRICS alliance would face a 10 per cent tariff if they act against American interests. Trump alleged that BRICS was created to weaken the US dollar and suggested that the tariff could be imposed soon on countries within the bloc.
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US President Donald Trump on Monday once again warned BRICS group of charging an additional 10% tariff on goods from these nations.
President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.
US President Donald Trump on Tuesday reiterated a 10 per cent duty on BRICS nations. He said these countries will "pretty soon" get the duty in place. The POTUS was speaking at a meeting with cabinet officials at the White House.