No exception: Trump threatens additional 10 % tariffs on countries backing anti-American BRICS policies
PTC News Desk: US President Donald Trump on Monday warned that any country that will be backing with what describes as anti-American policies of the BRICS bloc would face an additional 10 per cent tariff.
However the US President did not describe exactly what he calls anti-American policies.
"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!" Trump wrote in a post on Truth Social.
Established in 2009, BRICS consist of Brazil, Russia, India, and China, with South Africa joining later. The group expanded last year and included other members including Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.
Trump's remarks came hours before BRICS leaders released the 'Rio de Janeiro Declaration' criticising Trump's reciprocal tariffs citing that it undermine global trade. However, the grouping did not name Donald Trump or the United States in its official statement.
he proliferation of trade-restrictive actions, whether in the form of indiscriminate rising of tariffs and nontariff measures threatens to further reduce global trade, disrupt global supply chains, and introduce uncertainty into international economic and trade activities," the statement read.
- PTC NEWS
