President Donald Trump has declared that he will impose additional tariffs on countries that align with the "anti-American policies" of the BRICS. He has reiterated his warning of an additional 10% tariff on BRICS nations, including India, claiming that the group is working to weaken the U.S. dollar.
Trump has expressed that there will be no exceptions and that membership in BRICS means that a country will be subject to the same additional 10% tariffs planned for the entire bloc. He has also threatened much higher tariffs (up to 100%) if BRICS countries attempt to create a new BRICS currency or support any other currency to replace the U.S. dollar. The tariffs announced in his letters to various countries will take effect starting August 1, 2025, although these tariffs are open to negotiation if countries wish to avoid them.