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.
Iran's new Supreme Leader, Mojtaba Khamenei, was 'lightly injured,' an unnamed Iranian officia...
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middl...
A freight train carrying more than 1,000 tons of Russian grain will depart for Armenia through Azerbaijani terr...
Member countries of the International Energy Agency have unanimously agreed to release 400 million barrels of oil ...
Iran’s newly appointed supreme leader, Mojtaba Khamenei, is reportedly in good health and staying in a &ldqu...
Member countries of the International Energy Agency have unanimously agreed to release 400 million barrels of oil from emergency reserves to stabilise global markets disrupted by the war involving Iran.
The escalating conflict between the U.S., Israel and Iran is already hitting the Middle East travel and tourism sector hard, with the World Travel & Tourism Council (WTTC) estimating losses of at least $600 million per day in international visitor spending.
Kyrgyz President Sadyr Japarov has pledged to intensify the country's fight against corruption, declaring that graft is "worse than murder" and warning that even his closest relatives would face punishment if found guilty.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Iran's new Supreme Leader, Mojtaba Khamenei, was 'lightly injured,' an unnamed Iranian official said on Wednesday, as Tehran and Israel continued to exchange missile and drone strikes - all the latest updates throughout the day on AnewZ.
Global oil prices reached a four year high on Monday (9 March), surpassing $119 a barrel, as conflict in the Middle East rumbled on. Meanwhile, the Turkish Military said NATO air defence systems destroyed a missile fired from Iran towards the country.
U.S. President Donald Trump called his recent phone conversation with Russian President Vladimir Putin “very good.” The two leaders spoke on Monday about the situation in Iran and other international issues.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of March, covering the latest developments you need to know.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
Member countries of the International Energy Agency have unanimously agreed to release 400 million barrels of oil from emergency reserves to stabilise global markets disrupted by the war involving Iran.
The annual pro-Palestinian al-Quds Day march in London, scheduled to take place on Sunday, has been banned by Home Secretary Shabana Mahmood following warnings from the Metropolitan Police about the risk of “serious public disorder.”
The first batch of Peter Mandelson’s papers on his 2024 ambassadorial appointment were published on Wednesday (11 March) following a parliamentary order. The release comes amid police investigations over his links to Jeffrey Epstein.
At least six people have died after a bus caught fire in Kerzers, Switzerland, in what police say may have been a deliberate act. Witnesses reported a man inside the vehicle set himself alight. Three others were injured and taken to hospital, while authorities continue their investigation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment