President of the United States (US), Donald Trump, has announced an “additional 10% tariff” would be imposed on any country that supports BRICS policy.
The US President’s announcement is coming following the conclusion of the 17th BRICS Summit on Monday 7 July, 2025.
President Trump posted on Truth Social: “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.
In his reaction to Trump’s announcement, Deputy Chair of the Security Council of the Russian Federation, Dmitry Medvedev, said, this means BRICS is “doing everything right”, adding, “BRICS is gaining authority”.
Medvedev wrote on X: “BRICS is gaining authority. Trump announced that an additional 10% tariff would be imposed on any country that supports BRICS policy. So, we’re doing everything right!”
The 17th BRICS Summit which started on Sunday 6 July, 2025 took place in Rio De Janeiro, Brazil.
