U.S. President Donald Trump has threatened a 10% tariff on all BRICS member countries, claiming the bloc was "set up to hurt" the United States by undermining the dollar.
“Anybody that's in BRICS is getting a 10% charge,” Trump said during a Cabinet meeting on Tuesday. “They have to pay 10% if they're in BRICS because BRICS was set up to degenerate our dollar and take it off as the standard. If they want to play that game, I can play that game too.”
He suggested BRICS members would face extra trade costs just for being part of the group. “They won’t be a member alone,” he said.
Trump also signalled a major escalation in tariffs on other sectors:
Pharmaceuticals: Up to 200% tariffs on imports, which he said could come “very soon” but would allow a phase-in period of up to 18 months.
Copper: A 50% tariff would be imposed, though no implementation date was given.
Turning to Europe, Trump claimed the EU had softened its approach under pressure: “They treated us very badly until recently. Now they’re treating us very nicely.” He said a letter was being prepared that “means a deal” could be close.
He also renewed criticism of South Korea, calling the longstanding U.S. troop presence there a “tremendous loss” and demanding Seoul pay $10 billion annually. “They went crazy, but they agreed,” Trump claimed, referencing 45,000 U.S. troops stationed there.
The comments mark Trump’s sharpest trade threats since returning to office and come amid rising tensions over global supply chains, currency policies, and multipolar alliances like BRICS.
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Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan spoke on 9 August, praising regional peace steps, new gas exports to Sy...
More than 1,000 aid packages have been airdropped over the Gaza Strip since the resumption of the international airdrop operation on 26 July, the Isra...
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to know.
President of the Republic of Azerbaijan Ilham Aliyev gave an interview to a select group of Azerbaijani journalists in Washington on August 8, including our correspondent Oubai Shahbandar.
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing ceremony. The meeting sets the stage for a U.S.-brokered framework aiming to stabilize relations in the South Caucasus.
Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Social account.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Cameroon concluded a weeklong training programme on Saturday for indigenous communities in artificial intelligence (AI), as part of activities marking the International Day of the World's Indigenous Peoples.
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough, marking a decisive step toward stability and cooperation in the South Caucasus.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
Ukrainian President Volodymyr Zelenskyy said that he had spoken with British Prime Minister Keir Starmer, noting their shared view on the threat posed by Russia’s attempt “to reduce everything to discussing the impossible.”
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
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