Donald Trump said on Wednesday he would impose 50% tariffs on Brazil, a dramatic increase that followed the US leader’s intense vocal criticism of the foreign and domestic policies of leftist President Luiz Inacio Lula da Silva.

Donald Trump said that he doesn't regard BRICS as a serious threat but alleged," they're trying to destroy the dollar so that another country can take over and be the standard".

President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.