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US President Donald Trump on Tuesday warned that BRICS nations, including India, could face a 10 percent tariff, accusing the group of working to undermine the United States and weaken the US dollar.

He claimed BRICS was created to harm US interests and said any member country would be subject to the tariff. “If they want to play their game, I can play mine,” he said, as quoted by Firstpost.

Trump dismissed the bloc as “not a serious threat,” claiming it had largely broken apart. He warned that losing the dollar’s global dominance would be like “losing a major world war.”

The Trump administration has slapped a 35 percent tariff on Bangladeshi garment exports, more than doubling the previous rate and jolting the country’s key export industry. Just as the sector was finding its footing after political unrest, the hike now threatens jobs and economic stability.

With the US being Bangladesh’s biggest export market, industry leaders called the move a serious setback. Dhaka is now looking to ease tensions by increasing imports of American goods like Boeing planes, wheat, and cotton, according to Firstpost.

US President Trump defended the decision, citing trade imbalances, and has warned other countries of similar tariffs unless they buy more from the US.

BRICS leaders on Monday dismissed US President Donald Trump’s claim that the bloc is “anti-American,” following his threat to impose fresh tariffs on member countries. Speaking at the conclusion of the BRICS summit in Rio de Janeiro, Brazilian President Luiz Inacio Lula da Silva stated, “The world doesn’t need an emperor,” and emphasized the bloc’s aim to reshape global trade dynamics, Firstpost reported.

Lula reiterated his stance against the overreliance on the US dollar in international trade, calling for responsible coordination between central banks to explore alternative systems. Trump had previously warned BRICS nations of potential 100 percent tariffs if efforts to weaken the dollar continued.

South African President Cyril Ramaphosa downplayed tensions, saying BRICS does not seek rivalry but cooperation. China also responded cautiously, with foreign ministry spokesperson Mao Ning stating that tariffs should not be used as pressure tools, and reaffirmed BRICS’ commitment to “win-win” collaboration, according to Firstpost.

US President Donald Trump announced Monday that 25% tariffs will be imposed on imports from Japan and South Korea starting August 1.

In letters posted on Truth Social and addressed to the leaders of both nations, Trump stated that the tariffs are designed to address trade imbalances and will be distinct from existing sector-specific tariffs. He warned that any retaliatory actions will be countered with equivalent US tariff increases, Xinhua reported.

Trump stated that companies from Japan or South Korea may avoid the tariffs by shifting manufacturing to the United States, offering expedited clearances for such moves.

White House Press Secretary Karoline Leavitt confirmed that an executive order will extend the current pause on reciprocal tariffs until August 1. She added that similar notices would be sent to around a dozen other countries, according to Xinhua.