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

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.

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“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 about 1% against the dollar, leading losses in emerging markets. India’s rupee and China’s offshore yuan also slipped.

The comments come as the US prepares to send tariff letters to dozens of countries in the coming days, with the Trump administration’s 90-day pause on higher duties set to expire on Wednesday. Trump said in a separate post that the letters would start being delivered from noon Monday, Washington time.

BRICS, a grouping of nations that includes Brazil, Russia, India, China and South Africa, is holding a summit in Rio de Janeiro. In a joint statement published Sunday, leaders took a swipe at Trump’s tariffs, saying they “voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules.”

Chinese Premier Li Qiang and Indian Prime Minister Narendra Modi were among those who attended.

Trump’s post didn’t specify which policies he considers “Anti-American,” nor did it provide details on when any of those tariffs might be imposed.

“Trump’s comments are a warning shot for emerging market nations looking to go down the BRICS alignment path,” said Mingze Wu, a trader at StoneX Financial Inc. in Singapore, adding that they’re likely in response to what BRICS said about Gaza.

Major US trading partners are racing to secure trade agreements or lobby for extra time ahead of the July 9 deadline. Treasury Secretary Scott Bessent signaled that some nations without deals in place could have the option of a three-week extension to negotiate, with the levies set to take effect on Aug. 1.

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