Credible News
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
Credible News
No Result
View All Result

Trump threatens new tariffs on BRICS nations

US President warns of 10% levy amid Brazil summit tensions.

admin by admin
July 7, 2025
in Economy, Foreign, Human Interest, News
0
President Donald Trump

President Donald Trump

0
SHARES
9
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

United States President Donald Trump has issued a sharp warning to countries aligning with the BRICS bloc, threatening a new 10% tariff on any nation he believes adopts what he described as “anti-American policies.”

The announcement came just hours after the start of the BRICS Summit in Rio de Janeiro, Brazil, where leaders of member nations gathered to reinforce their push for multilateral diplomacy amid rising geopolitical tensions.

The summit, hosted by Brazilian President Luiz Inácio Lula da Silva, opened on Sunday, July 6, 2025, with calls for greater autonomy for developing nations.

In his remarks, Lula likened BRICS to the Cold War-era Non-Aligned Movement, saying the bloc “inherits the legacy of resisting polarized global power structures.”

He emphasized, “With multilateralism under attack, our autonomy is in check once again.”

In a joint statement released Sunday afternoon, BRICS nations criticized the growing wave of protectionist policies, warning that excessive tariffs threaten the stability of global trade.

Although the statement did not directly name the US, it was widely interpreted as a response to Washington’s escalating trade rhetoric.

READ ALSO: Trump urges Hamas to accept ceasefire deal with Israel

Trump responded defiantly on his Truth Social platform, writing:

“Any Country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.”

He did not elaborate on what constitutes “anti-American policies,” nor did he name specific countries. However, the threat comes amid his administration’s race to conclude multiple bilateral trade deals ahead of a self-imposed July 9 deadline for broader retaliatory tariffs.

With BRICS expanding its influence—now representing over half of the global population and 40% of the world’s economic output—the group is increasingly seen as a counterweight to Western-dominated platforms like the G7 and G20.

India, a key BRICS member, has yet to comment officially on Trump’s tariff remarks. Analysts suggest the timing of the threat could be aimed at discouraging non-aligned nations from drawing closer to the bloc.

The diplomatic tension reflects deeper divisions in global trade policy and governance. While BRICS calls for inclusive development, South-South cooperation, and reform of international institutions, the US under Trump appears to be doubling down on protectionism and punitive tariffs.

Observers warn that such threats could derail delicate negotiations underway at the summit and strain US relations with emerging economies.

The next round of BRICS deliberations is expected to address further economic integration and expansion of partnerships across Asia, Africa, and Latin America.

TheConclave

Tags: BRICSPresident Donald TrumpTariffs
Previous Post

CBN clarifies NRBVN fee structure for diaspora

Next Post

Oil prices dip after OPEC announces surprise output hike

admin

admin

Next Post
OPEC

Oil prices dip after OPEC announces surprise output hike

NRS Advertisement

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Kwara State university campus in Osi ready for first lectures

Kwara State university campus in Osi ready for first lectures

November 18, 2024
Police warn Lagosians against economic disturbance during NLC protest

Police in Kano urges caution as Muslims begin Ramadan

March 11, 2024
Bandits kidnap students of Federal University of Gusau

Gunmen kill nine in Plateau State

October 2, 2023
Methodist Church seeks FG’s support on mission schools

Methodist Church seeks FG’s support on mission schools

September 11, 2025
Corper recounts ordeal of Agunechemba attack, seeks prosecution

Corper recounts ordeal of Agunechemba attack, seeks prosecution

2

ADC begins online membership registration

2
Biden arrives Israel

Biden visits Israel amidst killing of more Palestinians

1
handcuffs

Police arrests 34-year-old man for raping 90-year-old woman

1
Plateau State Governor Caleb Mutfwang grants pardon to 130 inmates and commutes the death sentences of four others to life imprisonment as Nigeria marks its 66th Independence Anniversary.

Plateau frees 130 inmates to marks Nigeria’s 66th anniversary

October 1, 2026
Elon Musk will make a return to officially advising US President Donald Trump's government by co-leading what the Pentagon called a study on the future of war.

Musk returns to Trump administration to co-lead war study

October 1, 2026
ProTaxi electric vehicle associated with PromiseLand Innovation’s e-hailing service launched in Abuja.

ProTaxi launches electric ride-hailing in Abuja

October 1, 2026
Nigerian workers and labour union members protesting over economic hardship, wages and rising living costs.

Workers begin three-day warning strike

October 1, 2026

Recent News

Plateau State Governor Caleb Mutfwang grants pardon to 130 inmates and commutes the death sentences of four others to life imprisonment as Nigeria marks its 66th Independence Anniversary.

Plateau frees 130 inmates to marks Nigeria’s 66th anniversary

October 1, 2026
Elon Musk will make a return to officially advising US President Donald Trump's government by co-leading what the Pentagon called a study on the future of war.

Musk returns to Trump administration to co-lead war study

October 1, 2026
ProTaxi electric vehicle associated with PromiseLand Innovation’s e-hailing service launched in Abuja.

ProTaxi launches electric ride-hailing in Abuja

October 1, 2026
Nigerian workers and labour union members protesting over economic hardship, wages and rising living costs.

Workers begin three-day warning strike

October 1, 2026
Credible News

At Credible News we seek, process and serve news, opinions and analyses that are verifiable and reliable.
We also provide readers with authentic and credible facts and figures, news, opinions and analyses to make informed choices.

Follow Us

Browse by Category

  • Accident
  • Agriculture
  • Banking
  • Conflict
  • Crime
  • Development
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Features
  • Foreign
  • Global Trade
  • Health
  • Human Interest
  • ICT
  • Interviews
  • Legal
  • Life Style
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Travel
  • Trending
  • Women

Recent News

Plateau State Governor Caleb Mutfwang grants pardon to 130 inmates and commutes the death sentences of four others to life imprisonment as Nigeria marks its 66th Independence Anniversary.

Plateau frees 130 inmates to marks Nigeria’s 66th anniversary

October 1, 2026
Elon Musk will make a return to officially advising US President Donald Trump's government by co-leading what the Pentagon called a study on the future of war.

Musk returns to Trump administration to co-lead war study

October 1, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.

No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.