Donald Trump has threatened nations that support BRICS international locations (Brazil, Russia, India, China and South Africa) with a 10% tariff. “Any nation aligning themselves with the Anti-American insurance policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this coverage,” The US President wrote on his Truth social media community. It comes as Trump’s administration is said to be close to finalising several commerce pacts, and states are to be notified of their tariff charges by July 9, which will take impact on August 1.
However, the director of the National Economic Council, Kevin Hassett, has reportedly urged that this deadline could be prolonged for some international locations. Mr Trump has said officers plan to begin sending letters immediately to US commerce companions outlining new the new levies they face. “It could be 12, maybe 15 [letters],” the president advised reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.” The correspondents are thought to be delivered at 5pm BST.
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