BRICS, Donald Trump and tariff
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President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
President Donald Trump on Wednesday announced a new round of tariffs targeting six additional trading partners. Beginning Aug. 1, the
Donald Trump’s threat to impose 50% tariffs on Brazilian goods sent the country’s currency plunging as the US leader sharply escalated a dispute with Latin America’s largest nation and leftist leader Luiz Inacio Lula da Silva.
Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.
President Donald Trump has threatened and pulled back deadlines to impose tariffs no fewer than four times over his first six months in office.