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  • 6 months ago
President Donald Trump warns that the U.S. will impose an extra 10% tariff on any country joining the BRICS group if they align with what he calls “anti-American” policies.

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00:00In other news, President Donald Trump says the U.S. will impose an additional 10% tariff
00:06on any country that seeks to join the BRICS group of developing nations.
00:10In a post on Truth Social, Trump said there would be no exceptions to this policy
00:15for countries that align themselves with what he called anti-American policies under BRICS.
00:22However, Trump did not clarify or expand what he meant by anti-American policies in his post.
00:28His administration has been rushing to finalise dozens of trade deals ahead of a July 9th deadline
00:35when his retaliatory tariffs were initially scheduled to begin.
00:39Officials now say the tariffs will take effect on August 1st instead.
00:44So far, Washington has secured trade agreements only with the UK and Vietnam.
00:49Trump's announcement comes as BRICS holds its latest summit in Rio de Janeiro, Brazil.
00:54His threat followed a joint statement from BRICS leaders on Sunday
00:58which appeared to take aim at the President's tariffs
01:01as they criticised unjustified unilateral protectionist measures.
01:06The group also voiced symbolic support for member state Iran,
01:10condemning recent military strikes without naming the U.S. or Israel
01:13which have been blamed for the operation.
01:15In 2024, Trump threatened to impose 100% tariffs on BRICS members
01:21if they move forward with plans to launch a common currency to rival the U.S. dollar.
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