Trump Threatens Extra 10% Tariff on Nations Siding with Brics

US President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff.
“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,” Trump wrote on social media.
Trump has long criticised Brics, an organisation whose members include China, Russia and India.
The US had set a 9 July deadline for countries to agree a trade deal, but US officials now say tariffs will begin on 1 August. Trump said he would send letters to countries telling them what the tariff rate will be if an agreement is not reached.
Since taking office in January, Trump has announced a series of import tariffs on goods from other countries – arguing they will boost American manufacturing and protect jobs.
In April, on what he called “Liberation Day”, he announced a wave of new taxes on goods from countries around the world – with some as high as 50% – although he quickly suspended his most aggressive plans to allow for three months of talks up until 9 July.
During this period, the US implemented a 10% tariff on goods entering the States from most of its international trading partners.
So far, the US has only struck trade agreements with the UK and Vietnam, as well as a partial deal with China.
However, Britain and America have still not reached a deal over taxes for UK steel imported by the US.
Asked whether the taxes would change on 9 July or 1 August, Trump said on Sunday: “They’re going to be tariffs, the tariffs are going to be tariffs.”
He added that between 10 and 15 letters would be sent to countries on Monday advising them on what their new tariff rate will be if a deal had not been reached.
US Commerce Secretary Howard Lutnick clarified that the taxes will come into force on 1 August.
Last week, Trump said Japan could face a “30% or 35%” tariff if the country failed to reach a deal with the US by Wednesday.
The European Union (EU) was told in May that it faced taxes of 50% unless it reached an agreement with the US.
Reports emerged last week suggesting the EU was considering a provisional agreement to keep a 10% tariff in place for most goods. It is also in talks about reducing a 25% tariffs on EU cars and parts and a 50% tax on steel and aluminium sales to the US.