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2w ago

Trump Threatens Tariffs on BRICS Allies in Test of Bloc Cohesion

Ongoing talks will decide if a 10% surcharge on imports from anti-American BRICS allies or a 32% tariff on Indonesian goods takes effect.

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Brazilian President Luiz Inacio Lula da Silva, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi and Chinese Premier Li Qiang attend a meeting at BRICS Summit in Rio de Janeiro, Brazil, July 7, 2025. (AP photo by Eraldo Peres).
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Overview

  • President Trump announced on Truth Social that any country aligning with “anti-American policies of BRICS” will face an additional 10% tariff surcharge.
  • He sent a letter to Indonesian President Prabowo Subianto warning of a 32% tariff on all Indonesian exports starting August 1 if Jakarta deepens its BRICS ties.
  • BRICS leaders’ July 6–7 declaration in Rio de Janeiro condemned unilateral trade measures, called for IMF and World Bank reforms, and decried attacks on Iran and Gaza.
  • Russia and China issued statements clarifying that BRICS cooperation is not aimed against any third country following US threats.
  • The bloc is advancing plans for alternative financial infrastructure to reduce dollar reliance, but internal divergences hinder a unified economic response.