Trump threatens extra 10% tariff on countries with ‘anti-American policies’
Trump warns countries with ‘anti-American policies’ will see tariffs rise
- Donald Trump threatened to impose an additional 10 per cent tariff on any nation aligning with the “Anti-American policies” of the Brics group.
- The threat was issued via a Truth Social post during the Brics annual gathering in Brazil, where leaders had warned against rising tariffs and protectionism.
- The Brics group, which includes Brazil, Russia, India, China, and South Africa, has expanded its membership and represents over half the world's population and 40 per cent of its economic output.
- China responded by stating it opposes tariffs as a tool of coercion, while South Africa argued it is not anti-American and is seeking a trade deal with the US.
- Trump's administration is reportedly aiming to finalise numerous trade deals before a 9 July deadline for imposing significant “retaliatory tariffs”.