Trump threatens new tariffs on nations supporting ‘anti-American’ insurance policies of BRICS group

President Donald Trump has threatened new tariffs on any nation supporting “anti-American” insurance policies of the BRICS group of rising economies, as he introduced tariff letters can be despatched out to scores of nations from Monday, forward of a key deadline.

In a Truth Social publish on Sunday, Trump mentioned the US would impose an extra 10% tariff on “any country aligning themselves with the Anti-American policies of BRICS” with “no exceptions,” although it was not instantly clear which insurance policies Trump was referring to.

The BRICS group, an acronym of founding members Brazil, Russia, India, China and South Africa, has lengthy stood as a disparate physique of nations united by a shared view that world power-sharing must be redistributed to mirror present world financial realities for a “multipolar” versus a West-led world order.

CNN’s Matt Egan and Clare Sebastian report.

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