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Key Points

Trump has announced a 10% tariff hike on nations supporting BRICS policies, escalating trade tensions. The move follows BRICS leaders' criticism of unilateral tariffs at their Rio summit. The expanded BRICS bloc now includes Iran, Saudi Arabia, and nine other nations. Trump’s policy documents will be dispatched to affected countries starting July 7.

Key Points: Trump Slaps 10% Tariff on Nations Backing BRICS Anti-US Policies

  • Trump targets BRICS allies with new 10% tariff via Truth Social post
  • BRICS leaders condemn unilateral tariffs in joint summit statement
  • Policy documents to be sent to affected nations starting July 7
  • Expanded BRICS bloc includes Iran, Saudi Arabia, and 9 other nations
2 min read

Trump announces additional 10 pc tariff on nations supporting 'anti-American policies of BRICS'

Trump announces new 10% tariff targeting BRICS-aligned nations amid trade tensions, escalating global economic disputes.

"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. – Donald Trump"

Washington, July 7

US President Donald Trump has announced that an additional 10 per cent tariff will be imposed on countries that "align themselves with the anti-American policies of BRICS".

He said this after the BRICS leaders, caught in a trade war initiated by the US, expressed their "grave concern" about the "indiscriminate rise in tariffs".

The declaration was made via Trump’s social media platform, Truth Social, in which the US President stated: “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. Thank you for your attention to this matter!”

In a follow-up message, Trump also announced that formal documentation outlining the new tariff policy will be dispatched to the relevant countries starting Monday afternoon:

“I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! ”

This announcement coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil, where leaders and representatives of the expanded bloc have convened to discuss strategic coordination and greater economic integration among developing nations.

“We voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO (World Trade Organisation) rules," said the joint statement of BRICS leaders, adopted unanimously.

The leaders, however, also criticised the other developed countries that try to impose trade restrictions aimed at developing nations by raising environmental issues while opposing unilateral tariffs that affect them.

“The proliferation of trade-restrictive actions, whether in the form of indiscriminate rising of tariffs and nontariff measures, or protectionism under the guise of environmental objectives, threatens to further reduce global trade, disrupt global supply chains”, the statement said without naming any countries or groups like the European Union.

The BRICS alliance now includes Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, Indonesia, and Iran.

- IANS

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Reader Comments

P
Priyanka N
As an Indian exporter, I'm worried about these new tariffs. Our small business depends heavily on US markets. The government should negotiate better terms for us. At the same time, we must strengthen trade with other BRICS nations to reduce dependency on America.
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Aman W
Trump's policies are making America more isolated. Instead of threatening tariffs, they should engage in constructive dialogue. The world is multipolar now - US can't dictate terms to everyone. BRICS nations represent nearly half the world's population after all!
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Sarah B
While I understand the concerns about tariffs, we must acknowledge that India needs to balance relations with both West and BRICS. Our foreign policy should be pragmatic - neither blindly following US nor completely opposing them. There are valid points on both sides.
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Vikram M
This is the perfect time to push for rupee trade settlements with BRICS nations! 💪 We've been too dependent on the dollar for too long. The US is showing its true colors - they can't handle competition from developing nations.
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Kavya N
I'm concerned how this will affect common people. Prices of electronics and other imported goods might rise again. The government should take steps to protect consumers from these international trade wars. Maybe focus more on 'Make in India' now.
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Nikhil C

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