Trump threatens additional 10% tariff on nations that facet with Brics | EUROtoday

US President Donald Trump says international locations that facet with the polices of the Brics alliance that go towards US pursuits will likely be hit with an additional 10% tariff.

“Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy,” Trump posted on his Truth Social platform on Sunday.

His feedback got here after Brics members criticised his tariff insurance policies in addition to proposing reforms to the International Monetary Fund (IMF) and the way main currencies are valued.

Trump has lengthy criticised Brics – an alliance designed to spice up member nations’ standing on the worldwide stage to problem the US and Western Europe.

Last yr, the checklist of Brics members expanded past Brazil, Russia, India, China and South Africa to incorporate Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates (UAE).

The bloc is claimed to signify greater than half of the world’s inhabitants.

Brics leaders, who began a gathering in Rio de Janeiro, Brazil this weekend, have referred to as for reforms to international establishments and positioned the alliance as a platform for diplomacy amid escalating commerce conflicts and geopolitical tensions.