Trump threatens an additional 10% tariff on BRICS-aligned countries

BarcelonaNew trade threat. As the July 9 deadline for implementing new tariffs looms, US President Donald Trump has threatened an additional 10% surcharge on all countries that align with the "anti-US policies" of the BRICS (Brazil, Russia, and India). Leaders of these countries, meeting in Rio de Janeiro, Brazil, have condemned the sanctions and the use of tariffs as a political tool.

released this message after the leaders of most emerging economies, including Brazil, China, India, Russia, and South Africa, expressed in a joint statement their "deep concern" about the increase in tariffs and other unilateral measures that contradict the guiding principles of the BRICS, which "can plunge the global economy into recession or further prolong weak growth." In addition to the tariff policy, the BRICS have criticized "the imposition of unilateral coercive measures contrary to international law" for its "negative implications." The US president has previously threatened to impose 100% tariffs on the BRICS countries if they abandon the dollar as a benchmark for international trade, an aspect they did not agree on in Rio.

Shortly before this latest threat, Trump announced on the same social network that he will send "tariff" letters to several countries starting this Monday, July 7, just 48 hours before the 90-day extension of the so-called tariffs of their established reciprocal agreement ends. "I am pleased to announce that the United States tariff letters, or deals, with several countries around the world will be delivered starting at 12:00 noon (local time, 6:00 p.m. Spanish peninsular time) on July 7," he said hours after telling reporters: "I believe most countries will have reached that."

Meanwhile, US Secretary of Commerce Howard Lutnick confirmed that the country-by-country tariffs will go into effect on August 1, which seemed to be a respite for the United States' partners. "The tariffs go into effect on August 1, but the president is setting the rates and agreements right now," he said in Trump's presence.