Trump threatens new tariffs on nations supporting anti-American policies of BRICS group

INSUBCONTINENT EXCLUSIVE:
economies, as he announced tariff letters would be sent out to scores of countries from Monday, ahead of a key deadline.In a Truth Social
founding members Brazil, Russia, India, China and South Africa, has long stood as a disparate body of countries united by a shared view that
order.The group has recently expanded to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates as members, and has ten
lower-level partner countries - including Belarus, Nigeria, Thailand and Vietnam
that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M
the US.Trump has suggested the letters would include duty rates at the current 10% baseline, or as extensive as 70%
Monday having to do with the trade deals
Wednesday
He also confirmed that tariff rates would go into effect on August 1.Bessent on Sunday declined to confirm to CNN which countries were close
were here to stay
Later that month, he told Time magazine that he had already struck 200 trade deals but declined to say with whom.So far, Trump has only
announced deals with three countries: the United Kingdom, which maintained a 10% tariff rate; China, which temporarily paused sky-high
duties on most goods from 145% to 30%; and a minimum 20% tariff on goods from Vietnam.In response to the three deals being described as
If you want to speed things up, have at it
with the Trump administration, in particular India
which rather seeks to bolster trade and financing in their local currencies.On Sunday, the group of BRICS leaders backed ongoing discussions
of a cross-border payments initiative between member countries.BRICS countries also condemned the military strikes on member state Iran and
which carried out days of strikes against Iran last month, or the US, which bombed three Iranian nuclear facilities as part of the same
costs for consumers
Trump officials have repeatedly argued in recent months that countries like China would bear the cost of tariffs.US wholesale inflation rose
slightly in May, driven in part by costlier goods, though tariff-related effects were largely muted
The Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May,
lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released in June.Former Treasury Secretary Larry Summers, who
is pouring in