Trump Threatens New 'BRICS Tariff' on Allies, Pushing Back Against De-Dollarization Efforts 💥

In a significant escalation of economic tensions, U.S. President Donald Trump has threatened to impose an additional 10% tariff on any country aligning with the BRICS economic bloc's push for an alternative global financial system. This move targets the growing influence of the bloc, which recently expanded to include major energy and strategic players, and represents a direct challenge to its de-dollarization ambitions.

A Clash Over Global Trade Rules

Writing on his Truth Social platform, President Trump warned that there would be "no exceptions" to this policy. His threat came as the BRICS bloc issued its "Rio de Janeiro Declaration," a statement that appeared to take direct aim at the U.S. president's signature tariff policies.

In the declaration, the BRICS member states expressed concern over the "increase in unilateral tariff and non-tariff measures that not only distort trade but are inconsistent with the rules of the World Trade Organization (WTO)." This stance is a direct rebuke of Trump's 'America First' trade policy, which has often favored unilateral action over the multilateral processes of the WTO.

Instead of unilateral action, the BRICS nations insisted that only the WTO has the necessary mandate, expertise, and capacity "to lead discussions on the multiple dimensions of international trade, including the negotiation of new trade rules." The declaration also reiterated the bloc's opposition to unilateral economic sanctions and its refusal to participate in any sanctions not authorized by the United Nations Security Council.

Trump Doubles Down with Tariff Threats

However, the bloc's joint communiqué failed to appease Trump, who has previously threatened to block U.S. market access for countries planning to ditch the dollar. He issued a stark and unambiguous warning in response:

"Any country aligning with the anti-American policies of BRICS will be subject to an additional 10% tariff. There will be no exceptions to this policy," Trump warned.

This stern warning coincided directly with his administration's announcement that it would begin sending out letters detailing country-specific tariff rates on July 7. This move underscores a determined U.S. effort to exert economic pressure, especially as a July 9 deadline for the expiration of a 90-day tariff suspension approached, potentially heralding new, higher taxes on imports. The White House indicated that these letters would specify what countries "should be paying" if they wish to continue trading with the United States without new agreements, signaling a forceful, "take-it-or-leave-it" approach to international trade negotiations.

Is this aggressive tariff strategy the right way to counter the growing influence of BRICS, or could it backfire by pushing more nations toward the alternative system Trump aims to defeat? 🤔

The future of global trade could be at a turning point. Share this article to spark a discussion on this critical geopolitical showdown! 📲💬