Trump threatens additional 10% tariff on Brics nations

India Today

The United States plans to impose a 10% tariff on Brics nations. Donald Trump, in a press conference, announced this move, citing Brics nations as a threat to US dollar dominance.

Transcript

00:00Breaking news at the top of this bulletin.

00:02BRICS to be charged with 10% tariff by the United States of America.

00:07After the just concluded BRICS summit, this is breaking news coming in.

00:12America clearly feeling threatened by the BRICS forum,

00:17calling against de-dollarization of the U.S. economy because BRICS,

00:23some countries have floated the idea of using local currencies, country currencies

00:30or maybe even looking at a BRICS currency which absolutely has threatened Donald Trump

00:36as the country reels under an economic slowdown.

00:39Now breaking news coming in, Donald Trump and his press conference that is underway as we speak

00:45has said that BRICS countries will be charged with an extra, an additional 10% tariff.

00:52And this is the tariff war being taken to not just countries but to blocks.

00:57Listen in to what he have to say.

01:02Back to members of the BRICS countries for if they aligned with anti-American policies.

01:0710% George.

01:08That would be India, Brazil.

01:10That's right. They have to pay 10% if they're in BRICS.

01:13Because BRICS was set up to hurt us.

01:15BRICS was set up to degenerate our dollar and take our dollar as the standard,

01:21or take it off as the standard.

01:22And that's okay if they want to play that game.

01:25But I can play that game too.

01:26So anybody that's in BRICS is getting a 10% charge.

01:29The Press is that immediate, sir?

01:30Or is that if they engage in some behavior?

01:33The President Trump Well, if they're a member of BRICS,

01:35they're going to have to pay 10% tariff just for that one thing.

01:38And they won't be a member alone.

01:39I thought BRICS was, you know, I said this about a year ago and it largely broke up.

01:45But, you know, there are a couple that hang around.

01:48But I thought it largely broke up.

01:50BRICS is not, in my opinion, not a serious threat.

01:53But what they're trying to do is destroy the dollar

01:55so that another country can take over and be the standard.

02:00And we're not going to lose the standard.

02:04That's just coming in.

02:05Donald Trump has announced an additional 10% tariff for all BRICS nations.

02:10He also said that BRICS had broken up and that countries were leaving.

02:15In fact, that's not correct.

02:19What is correct is that BRICS has added to the five-country member today.

02:24It is a 10-country member block and expanded BRICS no longer just Brazil, Russia, India, China, South Africa.

02:33You have Iran.

02:34You also have the United Arab Emirates, a very key ally and partner of the United States of America.

02:42So how are countries really going to react to a 10% additional tariff by the United States of America?

02:49How does that work out in this entire plan with India,

02:53where India is already in conversation with the United States of America for a limited trade deal?

03:00That's more important, and we'll be tracking those stories very, very closely

03:04because the news that's also coming in is that India and the U.S. have already now come up with a limited trade deal.

03:13Will there be an additional 10% besides what is decided between the two countries?

03:19Important, fine print.

03:21We'll get you all the details.

03:23You'll find it first here on India Today.

03:29Take it.

03:33Take it.

03:45Take it.

03:49Bye.

03:51Bye.

03:53Bye.

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