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Trump Threatens Tariffs on BRICS-Backers in New Trade Salvo
President Donald Trump announced a fresh wave of tariffs targeting countries that support the BRICS alliance, warning of a 10% tariff on any nation seen aligning with what he called “anti-American” policies. His declaration came just before the July 9 trade deal deadline.
Trump’s move follows the BRICS summit in Rio de Janeiro, where leaders criticized unilateral tariffs. The group, which now includes countries like Egypt, Iran, and the UAE, continues to push for a multipolar world order and greater independence from U.S.-led institutions.
In a Truth Social post, Trump said, “No exceptions. Any country siding with BRICS anti-American policies gets the 10% tariff.” He didn’t specify which policies triggered the response.
U.S. Treasury Secretary Scott Bessent clarified that about 100 letters would be sent to smaller trade partners starting Monday. Most of those countries are already under the 10% baseline tariff. Major players like the UK, China, and Vietnam have reportedly reached temporary trade frameworks.
Commerce Secretary Howard Lutnick confirmed the tariff rates will begin on August 1, stressing that deals must be signed by July 9 or risk a return to earlier, harsher tariffs.
Meanwhile, China’s Foreign Ministry defended BRICS, saying the alliance “avoids bloc confrontation” and promotes cooperation. They warned that using tariffs as pressure tools hurts all parties involved.
Trump’s campaign has reignited debate about global trade. His critics argue the tariffs may raise prices at home. Walmart, for example, has signaled possible consumer cost increases.
However, Bessent dismissed inflation fears, calling them “misinformation.” He argued that tariff revenue is strong and that inflation remains under control.
Former Treasury Secretary Larry Summers pushed back, saying tariffs will “collect some revenue” but at the cost of inflation and lost competitiveness. Yet, current White House Economic Adviser Stephen Miran said there’s no evidence that tariffs from Trump’s first term hurt the economy.
In fact, Miran stated, “Job creation is strong, revenue is pouring in, and there’s no sign of economic damage.”
As tensions rise, global markets wait to see which countries accept Trump’s deals—and which ones face higher costs for staying in BRICS’ orbit.
https://www.youtube.com/shorts/C90OzuVPVMM
