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.”
On Monday, Trump aimed at the 10-member intergovernmental organisation, which includes Brazil, Russia, India, China, and South Africa.
Furthermore, President Trump ramped up his tariff threats with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1.”There has been no change to this date, and there will be no change,” Trump wrote. “In other words, all money will be due and payable starting AUGUST 1, 2025 – No extensions will be granted.”
On Monday, Trump aimed at the 10-member intergovernmental organisation, which includes Brazil, Russia, India, China, and South Africa.
Furthermore, President Trump ramped up his tariff threats with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1.”There has been no change to this date, and there will be no change,” Trump wrote. “In other words, all money will be due and payable starting AUGUST 1, 2025 – No extensions will be granted.”
Trump’s renewed firmness on that deadline came after he posted a flurry of letters warning world leaders, threatening to impose tariffs similar to those he announced in April.
On Monday, Trump posted 14 letters from countries, including South Africa, Malaysia, and Thailand, outlining tariffs ranging from 25% to 40%.
(Edited by : Ajay Vaishnav)
