President Donald Trump speaks throughout a Cupboard assembly within the Cupboard Room of the White Home in Washington on July 8, 2025. Andrew Caballero-Reynolds/AFP by way of Getty Photographs
President Donald Trump on Tuesday reiterated a earlier warning to BRICS nations that he could be imposing an extra 10 p.c tariff on them, saying the bloc was created to interchange the U.S. greenback because the dominant foreign money for worldwide commerce.
Talking to journalists throughout a gathering with Cupboard officers on the White Home, Trump mentioned: “In the event that they’re a member of BRICS, they’re going to must pay 10 p.c tariff only for that one factor. And so they received’t be a member lengthy.”