Trump Threatens Extra 10% Levy on “Anti-American” BRICS Nations – Tariff Letters to Be Issued Toda
Former President Donald Trump has announced a new economic measure targeting BRICS nations, accusing them of “anti-American” trade practices. In a statement today, Trump revealed plans to impose an additional 10% tariff on imports from BRICS countries—Brazil, Russia, India, China, and South Africa—claiming they have engaged in unfair economic policies detrimental to U.S. interests.
According to reports from Forbes, Trump declared that formal tariff letters would be dispatched today, escalating tensions with the economic bloc. The move, if implemented, could further strain U.S. trade relations with key global players, particularly China, which has long been at the center of Trump’s trade war strategies.
“This is about protecting American workers and industries from exploitation,” Trump asserted, framing the levy as a necessary response to what he described as “predatory” trade behaviors. Critics, however, warn that such tariffs could trigger retaliatory measures, potentially disrupting global supply chains and inflating consumer prices.
The announcement comes amid heightened geopolitical friction, with BRICS nations expanding their influence in alternative economic frameworks. Analysts suggest that Trump’s latest move may be aimed at rallying his political base ahead of the 2024 election cycle, reinforcing his “America First” agenda.
The White House has yet to issue an official response, but financial markets are already bracing for potential volatility. Business leaders and trade experts are urging caution, emphasizing the risks of a prolonged trade standoff.
[Source: Forbes]
