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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.

  • US President Donald Trump announced that beginning August 1, 2025, imports from all BRICS countries will face a 10% tariff at the White House.
  • Trump explained that the tariff responds to BRICS’ perceived efforts to undermine the US dollar's role as the global reserve currency and harm US interests.
  • The 17th BRICS Summit held in Brazil on July 6-7 included leaders from original and new member states who voiced indirect criticism of US policies.
  • Trump announced that all BRICS members will face a 10% tariff starting August 1, 2025, and stressed that payments must be made on time without any possibility of extensions or delays.
  • Brazil’s President Lula rejected the tariff threat during the summit, saying BRICS will not accept complaints and affirmed openness to fair negotiations.
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Axios broke the news in Washington, United States on Monday, July 7, 2025.
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