Trump Repeats Tariff Warning: BRICS Nations Face 10% Duty Over ‘Anti-Dollar Agenda.’
U.S. President Donald Trump has renewed his warning to BRICS nations, declaring that all member countries will face a 10% tariff on goods starting August 1, 2025. He claimed the bloc was created to undermine the U.S. dollar and said the tariff is a necessary response.
“They will certainly have to pay 10% if they are in BRICS,” Trump said during a Cabinet meeting. “BRICS was set up to hurt us, to degenerate our dollar.”
The BRICS group—comprising Brazil, Russia, India, China, and South Africa—has been critical of Trump’s trade policies, which many in the bloc argue violate World Trade Organization norms. Together, BRICS nations account for nearly 40% of global GDP and half the world’s population.
‘No Exceptions, Not Even for India’
Asked whether India—one of BRICS’ most prominent members and a key U.S. trade partner—might receive an exemption, Trump responded bluntly:
“They are members of BRICS. They can pay 10% tariff.”
He reiterated that protecting the global status of the U.S. dollar is a non-negotiable goal:
“The dollar is king. We’re going to keep it that way… If people want to challenge it, they can—but they’ll have to pay a big price.”
August 1 Deadline ‘Firm’
On his Truth Social platform, Trump made it clear that the new tariffs will be enforced from August 1 without extensions.
“TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. No extensions will be granted,” he posted, adding that formal notices had been sent to 14 countries and more were on the way.
However, Trump also indicated that he remains open to renegotiation under fair terms:
“I would say firm, but not 100 percent firm. If they call up and say they’d like to do something in a different way, we’ll be open to that.”
U.S.-India Trade Talks Still On Track
Trump’s comments came amid ongoing efforts to finalize a U.S.-India trade deal. A high-level agreement may be signed during a Washington meeting later this month or during Trump’s upcoming visit to India in the fall.
Negotiators are reportedly working toward a “mini deal” that avoids sensitive sectors like agriculture and dairy. The U.S. is seeking reduced duties on medical devices, agricultural goods, and industrial products, while India wants improved market access for textiles, garments, and other labor-intensive exports.
The long-term goal: boost bilateral trade to $500 billion by 2030.
‘This Time Will Be Even Better’: Trump
Touting the success of his first term, Trump claimed his trade policies had strengthened the economy and generated billions in tariff revenue:
“Even in my first term, we took in hundreds of billions of dollars in tariffs—no inflation, just growth. This time will be even better.”
He also criticized previous administrations for being too lenient in trade matters:
“For years, they ripped us off. We didn’t have a President who understood it… If you have a stupid President, you lose the standard. That would be like losing a major world war.”
Comments are closed.