Donald Trump says BRICS including India will face 10% tariff for trying to ‘destroy’ US dollars

Trump also said he doesn’t see BRICS as a serious threat but believes the group is trying to weaken the U.S. dollar so another country can replace it as the global standard.

Jul 9, 2025 - 12:30
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Donald Trump says BRICS including India will face 10% tariff for trying to ‘destroy’ US dollars

US President Donald Trump stated that worldwide locations in the BRICS community enjoy India will have to pay a 10 per cent tax on goods they promote to the U.S. He claimed BRICS used to be formed to damage the US and weaken the U.S. dollar, which he referred to as “the king.” Trump stated, “If India is in BRICS, then they’ll have to pay. BRICS used to be created to damage our economy and take away the dollar as the realm standard. If they wish to head down that route, I'm in a position to respond too. So, any country in BRICS will face a 10 per cent tariff.”

He additionally warned that looking out to interchange the US dollar would attain at a high cost. “If they wish to say the dollar, it received’t be easy and I don’t mediate they’re ready to pay the value,” he added.

Trump went on to impart that he believes BRICS is now no longer true. “I stated it a One year ago — BRICS has largely fallen apart, but about a worldwide locations are restful maintaining on,” he advised newshounds.

Trump says BRICS no longer a true threat but wants to weaken dollar

Trump additionally stated he doesn’t survey BRICS as a severe threat but believes the community is making an try and weaken the U.S. dollar so but every other country can replace it as the realm standard. “We’re no longer going to let that happen,” he stated.

Trump additionally criticized President Joe Biden, asserting the U.S. wants a tidy leader to provide protection to the dollar’s feature in the enviornment. He warned that with “a silly president enjoy the final one,” the U.S. could lose the dollar’s world diagram.

“If we maintain true management, we’ll never lose the dollar’s feature,” Trump stated. “However if we maintain worn management, shall we lose it and that can per chance change every thing for our country. The dollar is king, and we’re going to assign it that arrangement.”

Trump publicizes 50% tariff on copper, warns of big hike on Pharma imports

Trump has supplied a new 50% import tax on copper, including to earlier tariffs he had imposed on metallic and aluminium. He additionally warned that tariffs on medicines and pharmaceutical merchandise imported into the U.S. could rise by as powerful as 200% within a One year.

Trump made it obvious that he would no longer lengthen the August 1 time limit for these larger tariffs to kick in throughout many worldwide locations.

Here's a well-known pattern for India, as the U.S. is India’s best market for pharmaceutical exports and additionally a foremost buyer of Indian copper and associated goods.

Speaking throughout a cabinet assembly on Tuesday, Trump stated, “At the present time we’re doing copper. I mediate we’ll assign the tariff at 50%.”

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