BBC News Business Reporter
Getty ImagesU.S. President Donald Trump warned that countries that violate international alliance policies that are in conflict with U.S. interests will be subject to an additional 10% tariff.
Trump has long criticized the BRICS countries, a group whose members include China, Russia and India, aims to enhance the country’s international status and challenge the United States and Western Europe.
“Any country that is consistent with the anti-U.S. policy of the BRICS countries will be charged with an additional 10% tariff. This policy is no exception,” Trump wrote on social media.
The deadline for countries to agree to reach a tariff agreement with the United States is set for July 9, but U.S. officials now say they will start on August 1.
So far, the United States has only reached trade agreements with the United Kingdom and Vietnam. However, the United Kingdom and the United States have not yet reached taxes on U.S. imports of British steel.
Since taking office in January, Trump has announced a series of import taxes on goods from other countries – believing that they will promote U.S. manufacturing and protection efforts.
In April, during what he called “Liberation Day,” he announced new taxes on goods from countries around the world, although he quickly paused his most radical plans for a three-month talks on July 9.
When asked if taxes will change on July 9 or August 1, Trump said Sunday: “They will be tariffs, and tariffs will be tariffs.”
He added that 10 to 15 letters will be sent to the state on Monday to provide them with what the new tariff rate would be if no deal was reached.
U.S. Commerce Secretary Howard Lutnick clarified that the tax will take effect on August 1.
“President Trump will send letters to some of our trading partners saying that on August 1, you will be boomerang back to the April 2 tariff levels,” Treasury Secretary Scott Bessent told CNN on Sunday.
Trump’s threat to countries that work with the BRICS countries emerged after members criticized U.S. tariff policies and proposed reforms to the International Monetary Fund (IMF) and how to value major currencies.
Last year, the list of members of the BRICS countries that expanded beyond Brazil, Russia, India, China and South Africa included Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
Country in group account More than half of the world’s population.
BRICS leaders, who held a two-day meeting in Rio de Janeiro, called for reforms to global institutions and positioned the alliance as a diplomatic platform amid the escalating trade conflict and geopolitical tensions.
A joint statement by the BRICS finance ministers on Sunday criticized the tariffs as a threat to the global economy, bringing “uncertainty into international economic and trade activities.”
Andrew Wilson, deputy secretary-general of the International Chamber of Commerce, said it would be a challenge to get rid of doing business with China.
He told the BBC’s plan today: “Transfer from China … in practice, many sectors are difficult to achieve in the world.
“You look at China’s dominance in many sectors – electric vehicles, batteries [and] Rare earths and magnets in particular, there is no feasible alternative. ”
During Brazil’s BRICS meeting, leaders also condemned the June military strikes against Iran, saying the attacks were in violation of international law.
In 12 days, Israel and the United States met Iran’s targets, including its nuclear facilities, before agreeing to a ceasefire.
The BRICS summit was attended by Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa.
Chinese President Xi Jinping missed the event for the first time, and Li Qiang represented him.
Russian President Vladimir Putin participated in an ICC arrest warrant online against him against war crimes he faced.
In 2024, Trump Threat 100% tariff In the BRICS, if they move forward Their own currency Compete for US dollars.
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