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Trump Says BRICS Nations to Get 10% Tariff 'Pretty Soon'

RIO DE JANEIRO, BRAZIL, JUL 8 – Trump targets BRICS and aligned countries with 10% tariffs to counter what he calls anti-American policies, affecting nations representing 40% of global GDP, officials said.

  • President Donald Trump announced at a Tuesday White House cabinet meeting that the US will impose a 10% tariff on imports from all BRICS nations, effective August 1, 2025.
  • Trump justified the tariffs by asserting BRICS was created to undermine the US dollar’s global role and claimed past administrations allowed exploitation of the US economy.
  • The BRICS group, which expanded last year to include members like Iran and Indonesia, recently held a summit in Rio de Janeiro featuring strategic cooperation discussions.
  • Trump announced that members of BRICS would soon face a 10% tariff, emphasizing that all payments must be made promptly without any extensions.
  • Brazil’s President Lula and other BRICS leaders rejected the tariff threats, while economic sectors tied to US trade face significant risks, urging urgent diversification.
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Axios broke the news in Washington, United States on Monday, July 7, 2025.
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