BRICS, Donald Trump and tariff
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“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,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.
President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
U.S. President Donald Trump hinted that he is close to reaching a deal with India after announcing new reciprocal tariffs on 14 countries, including Japan and South Korea, among others. However, as India is a member of BRICS,
Still, the PM Modi government is treading carefully. Eariler, senior diplomat P Kumaran in a press conference, confirmed that Prime Minister Modi and Brazil’s President Lula da Silva “had no discussion” on the issue during the former’s visit to Rio for the BRICS summit.
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Stocktwits on MSNBrazil Stocks, Currency Reel As Trump Escalates Trade Pressure With Highest Tariff Yet Over Bolsonaro TrialBrazilian currency and stocks declined on Wednesday after U.S. President Donald Trump levied 50% tariffs on goods from the country, amid souring relations due to the South American country’s participation in BRICS and the trial of former president Jair Bolsonaro.
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
U.S. President Donald Trump broadened his global trade war on Tuesday as he announced a 50% tariff on imported copper and said long-threatened levies on semiconductors and pharmaceuticals were coming soon.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.