President Donald Trump has threatened new tariffs on any nation supporting “anti-American” policies of the BRICS group of emerging economies, as he announced tariff letters would be sent out to scores of countries from Monday,

As the August 1 deadline for new tariffs looms, the global community watches closely. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, have emerged as vocal critics, rejecting the notion of a U.

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.