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U.S. President Donald Trump warned late Sunday that any country that aligns itself "with the anti-American policies” of the BRICS economic bloc will face an additional 10% tariff.
"There will be no exceptions to this policy," he wrote on his Truth Social platform.
In another post, he announced that U.S. tariff letters and agreements with various countries across the world "will be delivered starting 12 p.m. (Eastern; 4 p.m. GMT), Monday, July 7th."
In late January, Trump said, “There is no chance that BRICS (countries) will replace the U.S. dollar in international trade, or anywhere else.”
"We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs," he added.
BRICS members have discussed shifting from the dollar in recent years, with discussions intensifying after the U.S. imposed sanctions on Russia in 2022 following the start of its “special military operation” in Ukraine.
Trump's statements Sunday came as leaders and representatives from BRICS are gathering in Rio de Janeiro for the group's 17th annual summit.
In September 2024, Türkiye officially expressed its desire to join BRICS, a group of emerging market nations, signaling a significant shift in its international alliances. Experts suggest that Türkiye’s bid for membership is driven primarily by economic motivations, as the BRICS platform offers opportunities for expanded trade and investment without binding obligations.
Erdogan said last year, “BRICS and ASEAN offer opportunities to enhance our economic cooperation. Being part of these structures does not mean abandoning NATO. We do not view these alliances as alternatives to each other,” Erdogan said.
“Those who say ‘Don’t join BRICS or any other structure’ are the same people who kept Türkiye waiting at the EU’s door for years,” he added.
The bloc, which represents nearly half of the global population and a third of the world’s gross domestic product (GDP), allows member countries to develop economic cooperation while maintaining their sovereignty.
The objective of BRICS is to promote political dialogue and economic cooperation among significant emerging economies.
The BRICS countries collectively have a population of 3.4 billion and a landmass of 45 million square kilometers.
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