Trump Warns of 10% Tariff for ‘Anti-American’ BRICS Policies (3)

President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners.

“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff,” Trump said in a Truth Social post on Sunday night. “There will be no exceptions to this policy.”

Currencies from developing nations and stocks dropped early Monday as the fresh threats weighed on appetite for risk. South Africa’s rand weakened ...