President Trump threatened to impose an additional 10 percent tariff on countries that “align” themselves with the BRICS blocks of developing countries.
“Any country that aligns itself with BRICS anti -American policies, an additional 10% tariff will be charged. There will be no exception to this policy. Thank you for your attention on this matter!” Trump wrote in a true social post on Sunday evening.
After the BRICS group members released an announcement on Sunday, it is a threat that the US growth in tariffs, as well as attacks on Iran – all without mentioning Trump by name.
The group’s statement raised the “serious concerns” tariffs, saying that they are “inconsistent with the rules of the World Trade Organization (World Trade Organization)” and “threatened to reduce global trade, disrupt global supply chains and introduce uncertainty.”
The group also criticized NATO’s decision to increase the defense spending up to 5 percent of GDP by 2035 – a decision inspired by Trump’s request that the defense burden of the Europe coalition got more shoulder.
The BRICS was founded by Brazil, Russia, India, China and South Africa, but the group was expanded last year to include Indonesia, Iran, Egypt, Ethiopia and the United Arab Emirates.
Brazil, who is hosting the two -day summit of this year, has demanded more controversial issues to avoid the target of high taxes. If they take any steps to reduce the dollar, Trump has threatened to put 100 percent tariff against the block.
Trump’s 90-day break on his broad mutual tariff is set to end on 9 July. Treasury Secretary Scott Besant There are high tariff rates Will be imposed on 1 August. If countries do not soon attack business deals with us.
Associated Press contributed.
