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.

US president Donald Trump has threatened to impose an additional 10 per cent tariff on any nation aligning themselves with the “Anti-American policies” of the Brics group of developing countries as their leaders met in Brazil on Sunday.

President Donald Trump warned that countries aligning themselves with what he called the "Anti-American policies" of the BRICS bloc would be hit with an additional 10% tariff, raising concerns for some African countries including South Africa and Egypt.