Trump Announces 10% Tariffs on Countries Supporting BRICS Policies
Trump Announces 10% Tariffs on Countries Supporting BRICS Policies

Trump Announces 10% Tariffs on Countries Supporting BRICS Policies

News summary

President Donald Trump has announced a new policy imposing an additional 10% tariff on any country that supports what he calls the "anti-American" policies of the BRICS group, which includes Brazil, Russia, India, China, South Africa, and newer members such as Egypt, Ethiopia, Indonesia, Iran, and the UAE. This announcement follows recent escalations in the U.S.-China trade tensions, with tariffs on Chinese imports now reaching an effective rate of 145% after several rounds of tariff increases and retaliations. Trump’s administration has begun sending letters to U.S. trading partners outlining either unilateral tariffs or trade deals, with some confusion about the timing of implementation. The BRICS summit held in Brazil condemned U.S. and Israeli actions and criticized rising military spending over international development, prompting Trump’s tariff threat. Brazil’s President Lula warned of the collapse of multilateralism and stressed investment in peace rather than war, reflecting broader geopolitical tensions. Trump’s move signals a hardening U.S. stance amid increasing global economic and political alignments opposing American policies.

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