Trump threatens 10% tariff on group's allies

AWANI

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.

Transcript

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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