‘Mr. Trump, BRICS Doesn't Compete...': South Africa's Ramaphosa Gives U.S. President 'Reality Check'

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News18
19 minutes ago
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'They'll Have To Pay': Trump Warns India, Other BRICS Members Of Extra 10% Tariff
Last Updated: Donald Trump said White House tariff letters represent trade deals as he warned BRICS of a 10% tariff. US President Donald Trump said that the tariff letters sent by the White House to various countries effectively represent trade deals. During a cabinet meeting, Donald Trump said, 'A letter means a deal because it is a better way- because we have 200 countries." The comment comes amid Donald Trump's sweeping trade overhaul, under which more than a dozen countries received formal notices of tariff hikes, with rates ranging from 25% to 40%. The White House said these moves are aimed at correcting long-standing trade imbalances and pressuring countries to engage on more favorable terms. Donald Trump's Warning To BRICS Nations Donald Trump issued a clear warning to BRICS nations- Brazil, Russia, India, China and South Africa- which has been expanding and exploring alternatives to US-dollar-dominated trade systems. Donald Trump said, 'BRICS was set up to undermine the dollar. If they are a member of BRICS, they have to pay a 10% tariff." Reaffirming his commitment to defending the dollar's dominance in global finance, Donald Trump said bluntly, 'The dollar is king. We are going to keep it that way. If people want to challenge it, they can. But they will have to pay a big price. I don't think any of them are going to pay that price." The 10% surcharge, he suggested, would apply broadly to nations formally joining or actively aligning themselves with BRICS, adding another layer to his administration's confrontational economic posture. He reiterated that the letters function as non-negotiable offers- signaling that compliance, not prolonged talks, is his preferred path to economic alignment. Donald Trump's Tariffs Under Donald Trump's new tariff regime, the United States imposed sharply increased rates on 14 countries, with the highest levies targeting Laos and Myanmar at 40 percent, followed by Thailand and Cambodia at 36 percent and Bangladesh and Serbia at 35 percent. Indonesia faces a 32 percent rate while South Africa and Bosnia and Herzegovina are hit with 30 percent tariffs. A 25 percent tariff has been applied to Malaysia, Tunisia, Japan, South Korea and Kazakhstan. These tariffs are set to take effect on August 1. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! view comments First Published: July 08, 2025, 23:06 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
32 minutes ago
- News18
Trump Says Gaza Ceasefire Talks in Final Stages Trump Netanyahu Meeting Israel Gaza
During today's White House meeting with Israeli PM Benjamin Netanyahu, former President Donald Trump revealed that Gaza ceasefire talks are nearing the finish line, with Israeli officials and mediators in Doha expressing cautious optimism. Both leaders emphasized U.S.-backed efforts to finalize a 60-day truce, including hostage releases and phased Israeli withdrawals. Mobile App -


News18
32 minutes ago
- News18
Doanld Trump Threatens 10% Tariffs on BRICS Countries: Dollar Defense & Iran Message News18
In a joint statement after the Brasil summit, BRICS leaders, including Prime Minister Narendra Modi, warned of "the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules".Round 2 of Donald Trump vs the BRICS bloc began this week after the United States President announced an additional 10 per cent tariff on countries aligning with the group's "Anti-American policies". "There will be no exceptions..." Trump said Sunday night on Truth President did not say what these 'anti-American policies' are or specify which of the group's policies he referring to, although six months ago he did threaten the group with 100 per cent tariffs if they attempted to replace the US dollar as the dominant currency for international trade. News18 Mobile App -