Here’s What to Know About Trump’s 50% Tariffs on Brazil
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U.S. President Donald Trump said on July 6 that his administration will impose an additional 10% tariff on countries aligning themselves with what he described as the BRICS group's "anti-American policy."
"There will be no exceptions to this policy," Trump wrote on the social network Truth Social.
The announcement coincided with the BRICS summit in Brazil, where member states, including Russia, China, and India, adopted a declaration condemning strikes on Iran and Israel's operations in Gaza.
The document did not explicitly name the U.S. but criticized actions perceived as destabilizing. On June 21, the country carried out strikes on three major Iranian nuclear sites: Fordow, Natanz, and Isfahan.
Trump's latest trade threat escalates tensions with the BRICS group, which has increasingly sought to reduce dependence on the U.S. dollar and shift toward a multipolar world order.
Kirill Dmitriev, head of Russia's sovereign wealth fund, described the summit as the start of a new "Global South" era, highlighting the group's aim to reshape the global order.
Though Russian President Vladimir Putin said in October 2024 that there are no immediate plans to create a BRICS currency, he highlighted the group's goal of financial sovereignty.
In January, Trump warned of 100% tariffs on BRICS members if they attempt to adopt a new or existing currency to replace the U.S. dollar in international trade.
Russian Foreign Minister Sergey Lavrov attended the BRICS summit in person, while Putin participated via video due to an outstanding International Criminal Court (ICC) warrant. Brazil, the summit's host, is an ICC member and obligated to arrest Putin if he enters the country.
The declaration also condemned incidents on Russian railway infrastructure and called for a negotiated settlement in the war against Ukraine. However, it avoided urging Russia to halt its full-scale invasion.
BRICS expanded in 2024, admitting Egypt, Ethiopia, Iran, and the United Arab Emirates as new members. In October 2024, Putin hosted a BRICS forum in Kazan, attended by 36 world leaders.
BRICS summit participants condemned recent attacks on Russia’s railway infrastructure, according to a joint declaration on July 6 from Rio de Janeiro.
"We condemn in the strongest possible terms the attacks on bridges and railway infrastructure deliberately targeting civilians in the Bryansk, Kursk and Voronezh regions of the Russian Federation on May 31, and June 1 and 5 2025, which resulted in the deaths of several civilians, including children," the document says.
Bryansk, Kursk, and Voronezh oblasts are all located near Ukraine’s northeastern border and have played a central role in Russia’s war effort, serving as key logistical hubs and launch sites for missile and drone attacks on Ukrainian cities–often targeting civilian infrastructure and causing casualties.
In their declaration, BRICS leaders also called for a negotiated peace agreement between Russia and Ukraine.
“We recall our national positions concerning the conflict in Ukraine as expressed in the appropriate forum, including the UN Security Council and the UN General Assembly,” the document said. “We expect that current efforts will lead to a sustainable peace settlement.”
The statement comes a few days after a phone call between U.S. President Donald Trump and Russian President Vladimir Putin on July 3, in which Putin said "Russia will continue to pursue its goals" in the war against Ukraine, Kremlin aide Yury Ushakov said.
Russian Foreign Minister Sergey Lavrov attended the summit in person, while Russian President Vladimir Putin participated via video link.
Brazil is a member of the ICC and a signatory to the Rome Statute, meaning it is obliged to arrest Putin if he enters the country.
The ICC issued a warrant for the Russian leader's arrest in March 2023 over the illegal deportation of Ukrainian children during Russia's full-scale invasion of Ukraine.
The BRICS declaration also condemned recent U.S. and Israeli airstrikes on Iranian nuclear facilities as violations of international law and criticized the presence of foreign forces in Syria and Gaza, calling for Israeli withdrawal from Syrian territory.
BRICS, originally composed of Brazil, Russia, India, China, and South Africa, has expanded in recent years to include Iran, Egypt, the UAE, Ethiopia, and Indonesia.
Russian President Vladimir Putin has decided not to attend the upcoming BRICS summit in Brazil due to an arrest warrant issued by the International Criminal Court (ICC), Russian president's foreign policy aide Yuriy Ushakov said on June 25.
"This is related to certain difficulties in the context of the ICC’s demands, as you know, and precisely in this context, the Brazilian government was unable to take a clear position that would allow our president to participate in this meeting," Ushakov said.
Brazil is a member of the ICC and a signatory to the Rome Statute, meaning it is obliged to arrest Putin if he enters the country.
The BRICS summit, which is scheduled to take place on July 6–7, will be attended by Russian Foreign Minister Sergey Lavrov, according to Ushakov. Putin is expected to participate remotely via video.
BRICS, composed of Russia, China, India, Brazil, and other nations, is a group of emerging economies often portrayed as a counterweight to the Western-led world.
The ICC issued a warrant for the Russian leader's arrest in March 2023 over the illegal deportation of Ukrainian children during Russia's full-scale invasion of Ukraine.
In November 2024, Putin skipped the G20 summit in Brazil and sent Lavrov instead.
Earlier in June, Moscow said that Putin had received an official invitation to attend the G20 summit in South Africa, another ICC member state. The event is scheduled to take place in Johannesburg from Nov. 22 to 23.
In September 2024, Putin made a rare visit to Mongolia, which is also a signatory of the ICC, prompting criticism over the non-enforcement of the warrant.