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Benzinga

Business

Kaustubh Bagalkote

Trump Threatens 10% 'Additional' Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday

BRICS Donald Trump

Donald Trump

President Donald Trump announced on Sunday that he will impose an additional 10% tariff on any country that aligns with BRICS’ anti-American policies, escalating trade tensions as his July 9 deadline approaches for comprehensive tariff restructuring.

What Happened: Trump posted on Truth Social that “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.” The announcement came hours before he confirmed tariff letters would be delivered to various countries starting Monday at 12:00 p.m. Eastern.

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