US President Donald Trump has warned that any country aligning with the BRICS bloc in opposition to American interests will face an additional 10% tariff, with no exceptions. The warning comes ahead of a new trade push, with Trump confirming tariff letters—or trade deal offers—will be sent to various countries starting 12:00 PM ET (9:30 PM IST), Monday, July 7.“Any country aligning themselves with the anti-American policies of BRICS will be charged an ADDITIONAL 10% tariff,” Trump declared on social media.
The move targets nations working with BRICS members—now expanded to include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE. The bloc has proposed reforms to global financial institutions and challenged US tariff policies, prompting sharp responses from Washington.
According to Treasury Secretary Scott Bessent, the administration will issue multiple trade announcements in the next 48 hours. “President Trump is focused on the quality of trade deals, not the quantity,” Bessent told CNBC, adding that his mailbox was “full of new offers” from global partners.Commerce Secretary Howard Lutnick clarified that the broader tariff plan will take effect August 1, after a July 9 deadline for negotiations. So far, deals have been reached with the UK, Vietnam (which now faces a 20% generalised tariff), and partially with China.
The move targets nations working with BRICS members—now expanded to include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE. The bloc has proposed reforms to global financial institutions and challenged US tariff policies, prompting sharp responses from Washington.
According to Treasury Secretary Scott Bessent, the administration will issue multiple trade announcements in the next 48 hours. “President Trump is focused on the quality of trade deals, not the quantity,” Bessent told CNBC, adding that his mailbox was “full of new offers” from global partners.Commerce Secretary Howard Lutnick clarified that the broader tariff plan will take effect August 1, after a July 9 deadline for negotiations. So far, deals have been reached with the UK, Vietnam (which now faces a 20% generalised tariff), and partially with China.
Talks with the EU and Japan are ongoing, with Trump warning Japan may face up to 35% tariffs. India-US interim trade deal negotiations have concluded, with a decision expected shortly, according to CNBC-TV18.
With inputs from agencies
(Edited by : Akanksha upadhyay)
