U.S. President Donald Trump employed two Truth Social posts yesterday, both to impose a tariff penalty on countries working with the BRICS and to bring added pressure upon countries that have not yet submitted to an increase in tariffs with Washington. First, he posted: “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!”
He then announced: “I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th.” There are seven letters that threaten Japan, South Korea, Malaysia and Kazakhstan with a 25% tariff, South Africa with 30%, and both Laos and Myanmar with 40%.
