President Trump – presumably the short fake one – threatens the BRICS countries with an additional 10 percent tariff:
US President Donald Trump has threatened to impose an additional 10% tariff on any country which “aligns itself” with BRICS, accusing the economic bloc of adopting “anti-American policies.”
The warning came just hours after BRICS leaders concluded their annual summit in Rio de Janeiro. In its joint declaration, the bloc criticized unilateral tariff actions and condemned what it described as “indiscriminate” trade measures, without mentioning the US directly.
“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,” Trump wrote in a post on Truth Social on Sunday.
There is just one problem with this tactic. The whole point of BRICS is to break free of the Clown World financial system. So increasing the cost of doing business with the United States, which requires submitting to that financial system, only further increases the incentives for the BRICS countries to not do business with the USA, but with each other instead.
And BRICS is already economically outperforming both the USA and the other G7 nations. We can expect it to continue doing so, especially as the USA wastes its resources in the Middle East, Eastern Europe, and the South China Sea.