Trump Announces Additional 10% Tariff on Countries Supporting BRICS Policies
President Donald Trump announced Sunday that nations aligning with the BRICS alliance policies opposing US interests will face an additional 10% tariff, with no exceptions to the policy. Trump made the announcement on his Truth Social platform following criticism from BRICS members regarding his tariff policies and their proposals for International Monetary Fund reforms and currency valuation changes. The BRICS alliance, originally comprising Brazil, Russia, India, China, and South Africa, expanded in recent years to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. The bloc represents more than half of the world's population and was designed to enhance member nations' international standing and challenge US and Western European influence. BRICS leaders convened in Rio de Janeiro, Brazil, this weekend to discuss reforms to global institutions and position the alliance as a diplomatic platform amid increasing trade […]