Trump Warns 10% Tariff For BRICS-Aligned Nations As Summit Opens In Brazil

Benzinga

President Donald Trump announced Sunday that the U.S. will impose an additional 10% tariff on countries aligning with the BRICS bloc, calling the group’s stance “Anti-American," according to Reuters. The warning came hours after BRICS leaders opened their summit in Brazil with a joint statement criticizing global trade barriers and calling for reform of international institutions. Trump’s message coincides with efforts to finalize dozens of trade deals ahead of a July 9th deadline for broader tariffs. The expanded BRICS bloc, which now includes Iran, the UAE, and Ethiopia, has gained influence by uniting the voices of the Global South and pushing back against Western dominance.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Donald Trump announced Sunday that the U.S. will impose an additional 10% tariff on countries aligning with the BRICS bloc,

00:08calling the group's stance anti-American, according to Reuters.

00:12The warning came hours after BRICS leaders opened their summit in Brazil,

00:15with a joint statement criticizing global trade barriers and calling for reform of international institutions.

00:21Trump's message coincides with efforts to finalize dozens of trade deals ahead of a July 9th deadline for broader tariffs.

00:26The expanded BRICS bloc, which now includes Iran, UAE, and Ethiopia,

00:30has gained influence by uniting global South voices and pushing back against Western dominance.

00:34For all things money, visit Benzinga.com.

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