Advertisement
Ad

July 7, 2025

July 5, 2025 — About 12 countries will be receiving their new tariff rates on Monday July 7; some as high as 70% [source]
July 3, 2025 — 30% Tariffs on 🎆 fireworks from China could dampen preparations for July 4th Celebrations [source]
July 2, 2025 — 🚨Vietnam-US agree to trade deal: tariffs at 20% [source]
July 2, 2025 — Japan threatened with 35% tariffs; India trade deal nearly done [source]
July 1, 2025 — Federal Reserve says interest rates would have been cut if not for tariffs [source]
June 30, 2025

  • US resumes trade talks with Canada after scrapping proposed digital services tax [source]
  • US Treasury Secretary Issues New Tariff Warning Ahead of July 9 Deadline [source]

June 27, 2025 — Trump ends trade talks with Canada; says new tariffs coming next week [source]
June 22, 2025 — Canada may impose tariffs on US Steel & Aluminum imports on July 21 [source]
June 20, 2025 — Supreme Court denies request to expedite tariff challenge [source]
June 18, 2025 — President Trump says tariffs on imported pharmaceutical drugs could be imposed soon [source]
June 17, 2025 — Companies ask Supreme Court to expedite tariff challenge [source]
June 16, 2025 — 🤝 G7 Summit begins; Trade talks w/ EU & Canada commence [source]
June 11, 2025

  • New China Tariff deal: 55% total tariff. Read more
  • Appeals court keeps tariffs in place, for now [source]

June 8, 2025 – 📞 US & China will continue trade deal talks Monday, Jun 9, in London [source]
June 4, 2025 — 🚨 50% Steel & Aluminum tariffs go into effect today! 🚨 [source]
June 3, 2025 – 90-day Tariff exemption extension on Chinese-made Chips [source]
June 2, 2025 – Read our US-China Tariff Report
May 29, 2025 — Tariffs temporarily REMAIN IN EFFECT pending an appeal hearing by the Trump Administration [source]
May 28, 2025 — 🛑 TARIFF PAUSE 🛑 Federal court blocks President Trump's sweeping tariffs under emergency powers law; some tariffs remain in place. [source]

View All Updates

BRICS Countries: Complete Guide to Members, Partners, and Trump Tariff Threats

Frequently asked questions about BRICS countries, BRICS-aligned nations, and US tariff threats under President Trump.

Table of Contents

BRICS Member Countries Map

🇧🇷
Brazil
Founding Member
🇷🇺
Russia
Founding Member
🇮🇳
India
Founding Member
🇨🇳
China
Founding Member
🇿🇦
South Africa
Joined 2010

New Members (2024-2025)

🇪🇬
Egypt
🇪🇹
Ethiopia
🇮🇷
Iran
🇦🇪
UAE
🇮🇩
Indonesia

Why is Trump Threatening BRICS-Aligned Countries with Additional Tariffs?

In July 2025, President Trump warned of extra tariffs on any country "aligning with anti-American BRICS policies," threatening a 10% surcharge on imports from such nations.

Trump's rationale:

  • To defend US dollar dominance in trade
  • To counter alternative financial systems outside US control
  • To preserve US geopolitical and economic leverage

What are BRICS Countries?

BRICS is an intergovernmental forum of major emerging economies. Founded in 2009 as "BRIC" by Brazil, Russia, India, and China, it became "BRICS" when South Africa joined in 2010. The group meets annually to coordinate policies on finance, trade, and development.

Full BRICS Members

  • Brazil
  • Russia
  • India
  • China
  • South Africa
  • Egypt (joined Jan 2024)
  • Ethiopia (joined Jan 2024)
  • Iran (joined Jan 2024)
  • United Arab Emirates (joined Jan 2024)
  • Indonesia (joined Jan 2025)[1]

BRICS Partner Countries

"Partner" status allows invited nations to attend summits and endorse declarations. As of January 2025, ten partner countries are:[1]

  • Belarus
  • Bolivia
  • Cuba
  • Kazakhstan
  • Malaysia
  • Nigeria
  • Thailand
  • Uganda
  • Uzbekistan
  • Vietnam

What is a BRICS-Aligned Country?

A BRICS-aligned country supports or participates in BRICS initiatives without being a full member. This includes partner countries and those backing:

  • De-dollarization (trading in local currencies)
  • Alternative payment systems (e.g., BRICS Pay)
  • Calls to reform Western-dominated institutions

What Have BRICS Countries Done to "Anger" President Trump?

President Trump has criticised BRICS for measures he sees as undermining US interests:

  • De-dollarization Efforts: Promoting trade in local currencies and discussing a common BRICS currency.
  • Alternative Institutions: Establishing the New Development Bank and Contingent Reserve Arrangement to rival Western-led financial bodies.
  • Criticism of US Policies: At the 2025 Rio summit, leaders condemned US tariffs and called for reform of global institutions.

Sources

  1. "Member states of BRICS," Wikipedia
  2. "Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil," Reuters

Key Terms & Keywords

This guide covers BRICS, BRICS Countries, BRICS tariffs, and BRICS-aligned nations.