[Investopedia] Trump Threatens 'Anti-American' BRICS Supporters With Extra Tariff
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KEY TAKEAWAYS
- President Donald Trump threatened to impose an additional 10% tariff on countries that he said support "anti-American" policies of the BRICS group of emerging economies.
- BRICS—an acronym for Brazil, Russia, India, China, and South Africa—now has 11 members after it expanded last year to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.
- Trump also said he will start sending out letters on tariffs or deals with other countries starting noon ET Monday.
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