Trump tariffs live updates: Trump threatens extra 10% tariffs over 'anti-American' BRICS policies
July 7, 2025

President Trump warned Monday any country embracing the "anti-American" policies of the BRICS bloc nations will face an extra 10% tariff on exports.

The threat, posted on Truth Social, came from Trump after the BRICS nations, which include Brazil, Russia, India, China, and South Africa, met over the weekend. The group condemned US tariffs and military attacks on Iran.

This latest warning from the Trump team comes as it struggles to seal trade deals. Treasury Secretary Scott Bessent has said around 100 partners would likely see a minimum "reciprocal" rate of 10% come next week, adding that he expects a "flurry" of deals to materialize before the deadline.

Trump said last week he would start sending out letters to countries to notify them of the tariff rates they will face on exports to the US, to go into effect on Aug. 1. He said duties could go as high as 70%.

South Korea is seeking an extension of the July 9 deadline. Bloomberg reports the country's trade minister held talks on Saturday with US Trade Representative Jamieson Greer.

China: The US has eased export restrictions on China for chip design software and ethane, a sign that trade tensions are calming between the two countries after they agreed to a framework to move toward a larger trade deal.

Vietnam: Trump said he had reached a trade deal with Vietnam, one that will see the country's imports face a 20% tariff — lower than the 46% he had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China.

Japan: Trump said negotiations with Japan had soured, calling the country "spoiled" and saying he would force Japan to accept higher tariffs of "30%, 35%, or whatever the number is that we determine." Notably, that proposal is higher than the 24% April level.
European Union: The EU has signaled it is willing to accept a 10% universal tariff on many of its exports but is seeking exemptions for sectors.

Canada: Canada has scrapped its digital services tax that was set to affect large US technology companies. The White House said trade talks between the two countries had resumed, with a deal by mid-July in focus.