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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A delegation of senior Qatari officials held a three-hour meeting with U.S. Special Envoy to the Middle East Steve Witkoff at the White House on Tuesday to discuss the ongoing Gaza ceasefire and hostage negotiations, a source familiar with the matter told The Times of Israel.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Four men — including active military personnel — have been arrested in Canada over an alleged extremist plot to form an anti-government militia and seize land by force in the Quebec City area, authorities said Tuesday.
Norway has joined the European Union in sanctioning two Russian fishing companies accused of aiding Moscow’s intelligence operations in maritime areas.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
U.S. President Donald Trump said on Tuesday that pharmaceutical imports could face tariffs of up to 200%, with details expected by the end of July following an ongoing national security review.
French President Emmanuel Macron called on Britain and France to “de-risk” their economies from U.S. and Chinese influence during a historic address to the UK parliament on Tuesday, signalling a renewed push for closer European cooperation.
The U.S. imposed sanctions Tuesday on a North Korean cyber operative accused of running an illicit global IT worker network that funds Pyongyang’s weapons programs, according to the State Department.
A delegation of senior Qatari officials held a three-hour meeting with U.S. Special Envoy to the Middle East Steve Witkoff at the White House on Tuesday to discuss the ongoing Gaza ceasefire and hostage negotiations, a source familiar with the matter told The Times of Israel.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
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