Trump again threatens Brics: ‘They will receive 10% rate very soon’

Republican indicated that group of countries is trying to harm the United States and pointed out that anyone who tries to challenge him ‘will pay a very high price’. Trump says August 1 for new tariffs no longer change US President Donald Trump, said on Tuesday that BRICS countries will be subjected to a 10% “very soon” tariff. According to the Republican, the group would be trying to weaken the US and replace the dollar as a global standard currency. “If they want to play this game, that’s fine. But I can also play,” Trump told journalists during a press conference at the White House. “Any country that part of BRICS will receive a 10%rate, for this reason,” he said, adding that the measure should be implemented “very soon.” 🔎 BRICS is a group of emerging countries that includes Brazil, Russia, China, India, South Africa, United Arab Emirates, Egypt, Saudi Arabia, Ethiopia, Indonesia and Iran. “What they are trying to do is destroy the dollar for another country to take the position and make their currency the new pattern. The same country. And we won’t let it happen, ”added Trump. Trump also reiterated his intention to keep the dollar as the “king” currency in the global scenario. “If anyone wants to challenge this, they may even try. But they will pay a very high price,” said the US President. In response, the Brazilian president, Luiz Inacio Lula da Silva (PT), stated that BRICS countries are sovereign. “We do not accept intrusion of anyone,” said Lula. “We defend multilateralism.” Trump’s new offensive occurs just a day after the Republican threatens to impose an additional 10% tariff on any country that aligned “BRICS’s anti -American policies” in a publication made on his social truth profile. Trump did not explain what he understands for “anti -American policies.” US government officials claim that there is no decree under preparation at the moment, and that it will all depend on the next movements of the bloc. This was not the first time the US President threatened the group of emerging countries. In November last year, Trump had already required BRICS to commit to not creating or supporting a new currency that replaced the dollar, otherwise they are 100%tariffs. The creation of a payment system in local currencies – that is, an alternative to the dollar in business transactions between the BRICS countries – is one of Brazil’s priorities within the group. President Lula advocates the adoption of a currency different from the dollar for trade between groups in the group for years. The day before, commenting on Trump’s threat to impose additional fares on Brics -aligned countries, Lula said “not finding something very responsible and serious” that a president of a US -sized republic was “threatening the world over the internet.” Understand the change of barbs between Lula and Trump after criticism of BRICS and Bolsonaro’s defense can harm Brazil? Trump’s new threats to BRICS have rekindled concerns about a possible trade agreement between Brazil and the United States. Negotiations have been going on for months, but there has been no consensus yet. After Trump’s statements, Vice President and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin, said that “Brazil is not a problem for the US” and defended the maintenance of dialogue between the two countries. “The United States has only to gain from Brazil. Node we are a very important partner,” said the minister, reiterating that the alternatives for negotiation are “extremely broad”. The new chapter of the tariff the US president rekindled concerns about the implementation of the so-called “reciprocal tariffs” this week. The day before, Trump extended the return of the fees – suspended since April – to August 1, expanding the trading window with business partners. The measure, however, has been accompanied by letters sent to 14 nations, notifying their respective leaders about 25% and 40% tariff collection from next month – in an attempt to accelerate more favorable agreements to the US. Letters sent to countries followed a similar standard: Trump stated that the gesture represented a demonstration of the US “strength and commitment” with its partners and highlighted the interest in maintaining negotiations despite the significant commercial deficit. Most countries, however, still run against time to close an agreement with the US government. In an interview with journalists on Tuesday, Trump said he should send a letter informing the European Union about the fees that will be applied to the bloc products in the next two days, stating that the European Union began to treat the US “very well”. The Republican also stated that China has been “fair” in negotiations and commented to maintain frequent conversations with President Xi Jinping. New rates on copper, semiconductors and pharmaceutical products Trump has also announced that it intends to impose 50% rates on imported copper on Tuesday. The measure is related to the investigation of Section 232, which began in February, which analyzes imports of metal in the US. In addition, Trump said he will announce semiconductor rates and will soon make a separate statement about new rates for pharmaceutical products. According to him, drug tariffs can reach 200%, but there will be a period for pharmacists to “get organized”. “We will announce rates on pharmaceutical products, chips and various other things – big things,” Trump told reporters, commenting on the new copper fare. He did not specify when other ads will be made. *With information from the news agency Reuters, US President Donald Trump Ken Cedeno/Reuters

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