US Edition
Trump Says BRICS-Aligned Countries to Face Additional 10% Tariffs
- On Monday, July 7, President Donald Trump began sending tariff letters or trade deals to various countries, warning them of additional levies.
- This action follows Trump's April 2 announcement of sweeping 10% tariffs and his threat of extra tariffs on countries siding with the BRICS bloc, amid the bloc's recent summit in Rio de Janeiro.
- The letters notify partners that unilateral tariffs or trade deals will start August 1 unless agreements prevent tariffs from snapping back to high levels set in April.
- Trump stated that countries supporting BRICS' stance against the U.S. would face an extra 10% tariff and cautioned that attempts to replace the U.S. dollar as the global reserve currency could result in tariffs doubling to 100%.
- This move pressures trading partners amid stalled talks with major economies like the EU, India, and China, signaling escalated trade tensions and firm U.S. opposition to BRICS policies.
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Trump to send tariff letters to up to 100 countries
Donald Trump said he will begin sending formal tariff letters to multiple countries from Monday evening, threatening a new wave of trade duties unless bilateral deals are reached before 1 August. The letters are expected to be sent in phases, with the first batch reaching around 12 major trade partners, followed by a broader release to nearly 100 smaller nations. The move forms part of Trump’s revived trade policy aimed at penalising countries a…
·Finland
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Trump says several countries will get tariff letters Monday
·Cincinnati, United States
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China responds to Trump’s 10% extra tariff threat on BRICS countries, says ‘use of tariffs serves no one’
BRICS Summit: BRICS nations—Brazil, Russia, India, China, and South Africa—have voiced strong concerns about the growing use of tariff and non-tariff barriers in global trade.
·Uttar Pradesh, India
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Total News Sources219
Leaning Left19Leaning Right40Center36Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 20%
C 38%
R 42%
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