President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,

(Reuters) -Goods imported from the European Union will face a 30% U.S. tariff rate starting Aug. 1, U.S. President Donald Trump said in a letter posted to his social media platform on Saturday. (Reporting by Bhargav Acharya;