President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,

The United States' fresh warning came just a day after Trump said he was close to finalising a trade deal with New Delhi.

President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

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.

Donald Trump has threatened an additional 10 per cent tariff on countries that align themselves with the Bric alliance. The US President described moving towards the emerging bloc as "anti-American" and warned there would be no exception to the rule.

US President Donald Trump on Tuesday reiterated a 10 per cent duty on BRICS nations. He said these countries will "pretty soon" get the duty in place. The POTUS was speaking at a meeting with cabinet officials at the White House.