US EditionTrump says BRICS-aligned countries to face additional 10% tariffs
UNITED STATES, JUL 8 – White House insiders say the 90-day trade negotiation window before tariffs is largely performative, with only the UK, Vietnam, and China securing partial agreements, Treasury said.
- On July 6, President Donald Trump declared on Truth Social that any nation supporting BRICS' anti-American stance would be subjected to an extra 10% tariff without any exceptions.
- Following the BRICS summit in Brazil, where member countries condemned recent U.S. attacks targeting Iran and criticized unilateral tariff actions as breaches of WTO regulations, Trump responded by issuing threats.
- BRICS, an expanding group of 11 developing countries accounting for 40% of global economic output and half the world population, defended itself as a cooperative platform that does not target any country.
- Chinese spokeswoman Mao Ning said BRICS promotes 'openness, inclusivity, and win-win cooperation' and opposed tariffs as tools for coercion, while U.S. Treasury Secretary Scott Bessent set an August 1 deadline for trade deals to avoid tariff hikes.
- The tariff threats and BRICS' criticism highlight ongoing trade disputes and suggest increasing divisions in global trade relations, pressuring countries to renegotiate deals to avoid punitive levies.
442 Articles
442 Articles
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