The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions,

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.

Trump has warned that BRICS countries, including India, could face a 10 per cent tariff, accusing the group of trying to harm the United States and weaken the US dollar. He said BRICS was formed to challenge the dollar’s global dominance.