U.S. President Donald Trump has threatened an additional 10% tariff on countries that orient themselves along the “Anti-American policies of BRICS.” Trump said in a post on Truth Social Sunday evening: “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- SPY ETF News, 7/7/2025
- Stock Market News Today, 7/7/25 – Stock Futures Dip as Trump Warns of 10% Tariffs over BRICS Ties
- Stock Futures Edge Lower after Trump Confirms August 1 Tariff Timeline
- U.S. Commerce Secretary says tariffs to begin August 1, Reuters says
- Thailand offers U.S. more concessions to avoid tariff, Bloomberg says