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.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar wi...
An Iranian tanker was hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf...
Spanish authorities are preparing a new site in Ceuta to accommodate hundreds of migrants who remain on the str...
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
A Chinese national was pulled alive from a tunnel in Nepal on Saturday, authorities said, 10 days after a wall of ice, rock and mud tore through a Himalayan valley, killing more than 1,300 people and leaving more than 5,600 missing.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Spanish authorities are preparing a new site in Ceuta to accommodate hundreds of migrants who remain on the streets following large-scale arrivals in July, local media reported Saturday.
At least two people were killed and dozens injured on Friday after an explosion at a military barracks in the Bolivian municipality of Viacha, about 30 km (20 miles) from La Paz, Defence Minister Ernesto Justiniano said.
The resolution, sponsored by African countries and led by Togo, passed by 164 votes to one, with six abstentions. The United States was the only country to vote against it.
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