Jul 7, 2025 9:43 AM IST
US Stock Market Live: Trump Threatens BRICS With Additional Tariff
President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty as the US continues to negotiate levies with trading partners.
“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,” Trump said Sunday night in a Truth Social post. “There will be no exceptions to this policy.”
BRICS is a grouping of nations that includes Brazil, China, Russia, South Africa and India. Over the weekend, the group’s leaders agreed to continue talks on a cross-border payment system for trade and investment — a project they’ve been discussing for a decade, though progress has been slow. Chinese Premier Li Qiang and Indian Prime Minister Narendra Modi are among those attending the BRICS summit.