Trump threatens extra 10% tariff on nations that side with Brics

US President Donald Trump says nations that facet with the polices of the Brics alliance that go towards US pursuits shall be hit with an additional 10% tariff.”Any nation aligning themselves with the Anti-American insurance policies of BRICS, shall be charged an ADDITIONAL 10% tariff. There shall be no exceptions to this coverage,” Trump posted on his Reality Social platform on Sunday.His feedback got here after Brics members criticised his tariff insurance policies in addition to proposing reforms to the Worldwide Financial 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.Final 12 months, the listing 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.The nations within the bloc account for 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.A joint assertion by finance ministers of the Brics nations on Sunday criticised tariffs as a risk to international financial system, bringing “uncertainty into worldwide financial and commerce actions”.The leaders additionally condemned the navy strikes on Iran in June, criticising the assaults as a violation of worldwide regulation. Since 13 June each Israel and the US have struck targets in Iran, together with its nuclear amenities.The Brics summit was attended in particular person by world leaders, together with Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa. China’s President Xi Jinping missed the occasion for the primary time, with Premier Li Qiang standing in for him.Russia’s President Vladimir Putin, who has an arrest warrant from the Worldwide Prison Court docket towards him over alleged warfare crimes in Ukraine, attended on-line.In 2024, Trump threatened 100% tariffs on Brics nations in the event that they moved forward with their very own foreign money to rival the US greenback.