U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,

President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.

US President Donald Trump alleged on Tuesday that the BRICS was set up to “hurt” the US and “degenerate” the dollar as he warned that the member countries of the bloc would have to pay a 10 per cent tarifff. “They have to pay 10 per cent if they are in BRICS,” he said while talking to reporters at the sixth Cabinet meeting at the White House.