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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South Korean President Lee Jae Myung met with Chinese Premier Li Qiang and Japan's Prime Minister Sanae Takaichi during last weekend's G20 summit in South Africa, Lee's office on Monday.
This weekend's G20 declaration shows a "renewed commitment to multilateral cooperation", South Africa's President Cyril Ramaphosa said on Sunday.
The United States said it made significant progress on a framework aimed at ending the war in Ukraine during high-level talks in Geneva on Sunday, though no final agreement was reached.
Voters in Guinea-Bissau headed to the polls on Sunday with many expressing hope that the election will bring stability, improved governance and continued development in the West African nation.
The United States is preparing to launch a new round of Venezuela-related operations in the coming days, as President Donald Trump’s administration intensifies efforts to pressure President Nicolás Maduro’s government and targets what it calls Venezuela’s role in the regional drug trade.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
Air traffic at Eindhoven Airport in the southern Netherlands was suspended on Saturday evening after multiple drones were sighted near the facility, prompting the deployment of counter-drone systems and raising fresh alarm over airspace security in Europe.
Cameras from the United States Geological Survey (USGS) on Saturday (November 22) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Several international airlines have suspended flights from Venezuela after the U.S. Federal Aviation Administration (FAA) warned of heightened military activity and deteriorating security conditions in the country’s airspace.
The United States and Ukraine were set to continue work on Monday on a plan to end the war with Russia after agreeing to modify an earlier proposal that was widely seen as too favorable to Moscow.
Russian forces staged a "massive" drone attack on Sunday on Kharkiv, Ukraine's second-largest city, killing four people and injuring several others, officials said.
South Korean President Lee Jae Myung met with Chinese Premier Li Qiang and Japan's Prime Minister Sanae Takaichi during last weekend's G20 summit in South Africa, Lee's office on Monday.
This weekend's G20 declaration shows a "renewed commitment to multilateral cooperation", South Africa's President Cyril Ramaphosa said on Sunday.
The United States said it made significant progress on a framework aimed at ending the war in Ukraine during high-level talks in Geneva on Sunday, though no final agreement was reached.
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