President Trump on Tuesday once again threatened that nations that join BRICS and engage in policy to reduce the dollar’s dominance will soon face an additional tariff of 10%.
“Anybody that’s in BRICS is getting a 10% charge … pretty soon,” Trump told reporters on Tuesday during a Cabinet meeting. “If they’re a member of BRICS, they’re going to have to pay a 10% tariff just for that one thing.”
Trump convened his Cabinet at the White House on Tuesday morning, with reporters present. During the meeting, Trump reiterated his dissatisfaction with Russian President Vladimir Putin over the war in Ukraine and indicated that sanctions against him were under consideration.
Replying to Donald Trump’s fresh tariff threat, Chinese foreign ministry said BRICS grouping is not seeking ‘confrontation’. “Regarding the imposition of tariffs, China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward,” foreign ministry spokeswoman Mao Ning said, reported news agency AFP.
Beijing’s statement came after Trump warned of punitive tariffs against countries adopting what he called “anti-American” BRICS policies.
His latest threat follows the BRICS 2025 Summit in Brazil, where member states condemned the US-Israeli strikes on Iranian military and nuclear facilities as “illegal.” China also voiced strong opposition to the use of tariffs as a means of political coercion, Ning was responding to a question at a routine press briefing.
Trump imposes 10 percent tariff on BRICS nations
WASHINGTON, JUL 8 (AGENCIES)
