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yesterday

Trump Threatens Tariffs on BRICS Nations as Brazil Vows Retaliation

It follows a Rio declaration urging IMF reform alongside condemnation of unilateral military actions.

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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

  • At the July 6–7 summit in Rio de Janeiro, BRICS leaders issued a 126-point declaration condemning unilateral military actions and calling for IMF and World Bank reforms.
  • President Trump announced on Truth Social that any country aligning with BRICS policies will incur an additional 10% tariff.
  • He sent a letter to Indonesian President Prabowo Subianto warning of a 32% tariff on all Indonesian exports starting August 1.
  • Brazil’s President Lula responded by threatening reciprocal tariffs on American goods over alleged interference in Brazil’s internal affairs.
  • BRICS members now face the task of balancing deep economic ties with the United States against their drive for a multipolar global order.