Trump Warns of Additional 10% Tariffs on Countries Aligning with BRICS at Summit in Brazil
US President Donald Trump issued a stern warning on social media, threatening a 10% tariff on countries supporting what he termed as 'Anti-American policies of BRICS.' The warning comes as BRICS nations gather for their annual summit in Rio de Janeiro, with Prime Minister Narendra Modi addressing global terrorism concerns.
US President Donald Trump issued a warning on his social media platform Truth Social, stating that any country aligning with the 'Anti-American policies of BRICS' will face an additional 10% tariff with no exceptions.
Trump's statement coincides with the BRICS nations' annual summit in Brazil's Rio de Janeiro, where Prime Minister Narendra Modi highlighted the global terrorism threat and called for unity against it. The summit saw the absence of Chinese President Xi Jinping, with Premier Li Qiang attending in his place.
BRICS, originally comprising Brazil, Russia, India, China, and South Africa, aims to deepen cooperation and address concerns over Western dominance. The group has expanded to include other nations since 2024.
According to the source: Moneycontrol.
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