President Trump said the U.S. would impose higher charges on imports from countries that follow the "anti-American policies" of major emerging economies including Brazil, China and Russia. "Any Country aligning themselves with the Anti-American policies of BRICS,

U.S. President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the “Anti-American policies” of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.

China said BRICS does not seek confrontation or target any country after U.S. President Donald Trump threatened a new 10 percent tariff.