U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,

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.

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.