President Donald Trump is threatening to add an additional 10% tariff on countries that align with the so-called “anti-American policies of BRICS,” after the group, which is currently meeting in Rio de Janeiro,

Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,

President Trump's proposed 100% tariff on BRICS nations has stirred global controversy. Labeling the group as 'anti-American,' Trump faces backlash from BRICS leaders, who defend their vision of a multipolar world.

The Central Asian nation, rich in critical minerals, is deepening its ties to China but does relatively little trade with the United States.

President Donald Trump said he would not offer any extensions for the implementation of increased tariffs on many goods imported into the US, pledging that new rates would hit at the beginning of August.

The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump's threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese yuan.

The president’s tariff announcements suggest he has not backed away from his initial strategy, where even smaller trading partners will face tariffs.

President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.