President Trump plans Tariffs pains for BRIC-aligned Countries
President Donald Trump announced that nations affiliated with the BRICS bloc would be subject to an extra 10% tariff
Quick overview
- President Trump announced a 10% tariff on nations affiliated with the BRICS bloc due to their anti-American actions.
- Starting July 7, Trump will send letters to major economies outlining US trade tariffs for various countries.
- There will be no exceptions to the additional tariff for countries aligning with BRICS policies.
- BRICS, which includes Brazil, Russia, India, China, and South Africa, has faced criticism from Trump for seeking alternatives to US trade.
President Donald Trump announced that nations affiliated with the BRICS bloc would be subject to an extra 10% tariff due to their purportedly anti-American actions.
Additionally, Trump stated that as of July 7, he will start sending letters to major economies detailing US trade tariffs to “various countries.”. “Any Country aligning itself with the anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff,” Trump stated about the BRICS tariff. In an article on Truth, it was said that there would be no exceptions to this rule. social.
The bloc, which was founded by Brazil, Russia, India, China, and South Africa, has been under fire from Trump on numerous occasions for its attempts to create new trade alternatives to the US. The effort to develop a BRICS currency that could replace the US dollar was at the center of these initiatives despite the bloc’s recent indications that it has no such intentions.
Egypt, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS.
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