Trump Threatens Tariffs Amid Expanded BRICS Summit

U.S. President Donald Trump has threatened to impose an additional 10% tariff on countries supporting what he labels 'anti-American' BRICS policies, coinciding with a BRICS summit in Brazil where the bloc expanded to 11 members, now including Saudi Arabia and Egypt. BRICS reaffirmed its focus on Global South cooperation during the summit. China publicly opposed Trump's tariff threat, warning that coercive trade tactics are counterproductive. The announcement has intensified global trade tensions, causing declines in metals prices, the yuan, and stock markets. The Trump administration is finalizing new trade deals, with tariff notifications to be sent to U.S. trading partners as a July 9 deadline approaches. The standoff underscores a growing geopolitical divide between the U.S. and the expanded BRICS bloc.