US President Donald Trump has threatened to impose an additional 10% tariff on any country he claims is supporting the “anti-American policies” of the BRICS+ group of emerging economies. The warning comes as a new BRICS+ summit kicked off in Brazil on July 6, with the group’s leaders releasing a joint statement criticizing the growing use of unilateral tariff measures that affect global trade.
In a post on his Truth Social platform, Trump announced that letters notifying countries of the new tariffs would be sent beginning July 7, ahead of the July 9 expiration of a 90-day tariff pause. “There will be no exceptions to this policy,” he wrote, without specifying which policies he considered "anti-American."
In 2009, a summit held in Yekaterinburg, Russia, brought together the leaders of Brazil, Russia, India, and China. The outcome of that meeting saw the creation of an intergovernmental organization called "BRICs." More than 15 years later, the BRICS+ group, as it's now referred to, is regarded by some analysts as a threat to the established world order. But what exactly is this organization, how does it function, and just how much of a threat does it pose?
Click through this gallery and find out more about the BRICS+ group.