US President Donald Trump has caused a world-wide talk by saying he’ll put a 10% tax on nations that go with BRICS, saying their ways are “anti-American.” The BRICS countries—Brazil, Russia, India, China, South Africa, and new ones like Egypt and Indonesia—shot back at a big meet in Rio de Janeiro. The boss of Brazil, Luiz Inácio Lula da Silva, said loud, “We don’t want an emperor,” pushing for fair trade. So, this fight has made people scared of a trade war that could hit all of us around the world.
The BRICS meet on July 6-7, 2025, was to help these rising lands work together. But, Trump’s words on Truth Social made things tense. He said BRICS lands hurt US gains, though he didn’t lay out how. Back to him, China’s talker Mao Ning called BRICS a place for “openness and being together,” not fights. In the same way, South Africa’s boss, Cyril Ramaphosa, believes in making a trade deal with the US. Russia’s big house made it clear BRICS isn’t against any land. India, a big part of BRICS, hasn’t said anything yet.
Trump’s tax talk is part of his big tax plan. On April 2, 2025, he set big taxes, on pause for 90 days to let talks happen. With the July 9 cut-off close, the US began to send tax letters to lands like Japan and South Korea, adding 25% taxes. For BRICS, the extra 10% tax is linked to their push to use other money than the US dollar in world trade, known as leaving the dollar behind. Before, Trump said he’d put a 100% tax if BRICS made a new money. But, Brazil’s heads have dropped plans for a BRICS money, looking at trade in their own money types instead.
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For common readers, this means things could get pricey. For example, coffee from Brazil or gizmos from China might cost more if taxes hit. Also, small stores in the US and India, needing low-cost goods, may face tough times. On the good side, some think taxes could help local places make stuff. So, the end will depend on how lands act before the tax start day on August 1, 2025.
The BRICS summit’s group words hit out at “one-sided taxes” as a threat to world trade, not naming Trump by name. Lula’s strong words on not wanting an “emperor” spread far, hitting trends on X as users talked about trade fairness. Some posts said BRICS balances US control, while others feared how a trade war would hurt the economy. For more, look at Business Today’s word on the meet. Business Today
At AMERICA NEWS WORLD, we’re here to make these hard points simple. See america112.com for the latest on how world trade touches you. The BRICS group, with over half the world’s people, aims to change money power. Their push for local money trade could cut need on the US dollar, which rules 58% of world saves, as per IMF facts. Yet, experts like Brad Setser from the Council on Foreign Relations say such taxes might backfire, making lands leave the dollar even faster.
Data: BRICS Trade with the US
Here’s a bar showing the US trade loss with key BRICS countries in 2024, which is why Trump is looking at them.
Data Source: Estimated from 2024 US trade reports.
The US is talking with BRICS lands like India and Indonesia to dodge taxes. Money boss Scott Bessent hinted at “new offers” from trading sides, thinking deals may come soon. Also, the BRICS meet backed plans like a Multigroup Security system to lift money in, showing they focus on growing more than fighting. For the latest on these talks, stay with AMERICA NEWS WORLD.
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