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.

Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,

Ten new countries joined the grouping as "observers" despite US President Donald Trump calling BRICS "anti-American" and threatening 10% additional tariffs on those aligning with it.The 17th BRICS summit,

The United States' fresh warning came just a day after Trump said he was close to finalising a trade deal with New Delhi.

President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.

US President Donald Trump warned that members of the BRICS alliance would face a 10 per cent tariff if they act against American interests. Trump alleged that BRICS was created to weaken the US dollar and suggested that the tariff could be imposed soon on countries within the bloc.

President Donald Trump proposed a new 10% tariff on any product from countries that are part of the BRICS bloc, chucking a fiery new grenade into the global economy as the July 9 trade deadline moves closer.

The majority of the new tariffs announced on Monday closely reflect the rates proposed by President Donald Trump in April.