Highlights

  • Trump threatens 10% tariffs on BRICS-aligned nations
  • BRICS bloc criticizes unilateral trade actions by U.S
  • Tariff letters set to roll out July 7

Latest news

RBI announces Rs 30,000 crore G-Sec underwriting auction, releases OMO purchase results

RBI announces Rs 30,000 crore G-Sec underwriting auction, releases OMO purchase results

Sriram Raghavan, Dibakar Banerjee, other filmmakers onboard to judge films at MAMI Mumbai Film Festival 2026

Sriram Raghavan, Dibakar Banerjee, other filmmakers onboard to judge films at MAMI Mumbai Film Festival 2026

Gold should now be seen more as an "insurance policy", SIP route advisable at current levels: Analysts

Gold should now be seen more as an "insurance policy", SIP route advisable at current levels: Analysts

AAP MLA Hemant Khava flags poor road conditions, questions toll tax usage in Gujarat

AAP MLA Hemant Khava flags poor road conditions, questions toll tax usage in Gujarat

AAP calls Punjab district panchayat win historic, eyes Gujarat local body polls

AAP calls Punjab district panchayat win historic, eyes Gujarat local body polls

Gujarat AAP MLA Chaitar Vasava questions police action against tribal villagers in Banaskantha

Gujarat AAP MLA Chaitar Vasava questions police action against tribal villagers in Banaskantha

Sitharaman introduced Securities Markets Code Bill in Lok Sabha, proposes to send it to parliamentary committee

Sitharaman introduced Securities Markets Code Bill in Lok Sabha, proposes to send it to parliamentary committee

OnePlus 15R review: A clear shift in what the R-series stands for

OnePlus 15R review: A clear shift in what the R-series stands for

Trump threatens additional 10% duty on countries supporting anti-American policies of BRICS

Donald Trump has warned of 10% tariffs on countries aligning with BRICS, calling the bloc's stance “anti-American.” The move escalates trade tensions days before the tariff moratorium ends.

Trump threatens additional 10% duty on countries supporting anti-American policies of BRICS

U.S. President Donald Trump has issued a stern warning to countries aligning themselves with the BRICS bloc, stating they will face additional tariffs for supporting what he described as “anti-American policies.”

In a post on social media, Trump declared, “Any country aligning itself with the Anti-American policies of BRICS will face an additional 10 per cent tariff on goods. There will be no exceptions to this policy,” adding, “Thank you for your attention to this matter!”

The strong statement signals a hardening of Washington’s position toward BRICS—a group consisting of Brazil, Russia, India, China, and South Africa, along with several developing nations that have joined in recent years. The bloc now represents nearly half of the world’s population and contributes around 40 percent to global GDP. BRICS nations also account for roughly a quarter of global trade and investment flows.

Trump’s message came shortly after BRICS finance ministers and central bank governors, in a joint statement from their recent meeting, raised concerns over unilateral trade and financial measures that they argue violate international norms.

“We voiced our serious concerns with the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures which distort trade and are inconsistent with World Trade Organisation (WTO) rules,” the BRICS statement read.

It further emphasized the coalition’s commitment to global cooperation, stating, “In this testing environment, BRICS members have demonstrated resilience and will continue to cooperate among themselves and with other countries to safeguard and strengthen the non-discriminatory, open, fair, inclusive, equitable, transparent, and rules-based multilateral trading system with the WTO at its core, avoiding trade wars that could plunge the global economy into recession or further prolong subdued growth.”

Amid rising tensions, Trump also announced the imminent rollout of U.S. Tariff Letters and Deals. In a separate post, he said the documents would be sent out starting 12:00 p.m. (Eastern Time) on Monday, July 7, just two days before the expiry of a previously announced tariff moratorium.

Earlier, on April 9, Trump had postponed tariff enforcement for a period of three months. With that pause set to expire on July 9, attention is now focused on which nations will receive the new tariff notifications and how they might respond.

ADVERTISEMENT

Up Next

Trump threatens additional 10% duty on countries supporting anti-American policies of BRICS

Trump threatens additional 10% duty on countries supporting anti-American policies of BRICS

PM Modi departs for Oman on last leg of three-nation visit

PM Modi departs for Oman on last leg of three-nation visit

India closes visa application centre in Bangladesh capital due to security situation

India closes visa application centre in Bangladesh capital due to security situation

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

India, Oman to sign free trade agreement in Muscat on Thursday

India, Oman to sign free trade agreement in Muscat on Thursday

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

ADVERTISEMENT

editorji-whatsApp

More videos

Trump calls for global unity against radical Islamic terrorism after Bondi attack

Trump calls for global unity against radical Islamic terrorism after Bondi attack

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

Trump imposes full travel bans on seven more countries, Palestinians

Trump imposes full travel bans on seven more countries, Palestinians

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Crown Prince drives PM Modi to Jordan Museum in special gesture

Crown Prince drives PM Modi to Jordan Museum in special gesture

PM Modi highlights substantive outcomes of Jordan visit, says ties expanded across key sectors

PM Modi highlights substantive outcomes of Jordan visit, says ties expanded across key sectors

Trump sues BBC for $10 billion over documentary speech edit

Trump sues BBC for $10 billion over documentary speech edit

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.