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He warned that any country aligned with the policies of the BRICS alliance that diverge with US interests, would be hit with an extra 10% tariff.

Then, he targeted BRICS alliance nations followed by Brazil, Canada, Mexico, and the EU. He also announced plans to tax copper and pharmaceutical imports to the US heavily.

The BRICS has rapidly expanded over the past two years. Judging from this year's summit, the increased membership appears to have hurt its mission. The post The BRICS Boom Could End Up Being a Bust ...

Wednesday's tariff letter follows an announcement Trump made earlier this week that members of the BRICS alliance, including Brazil, would be subject to an additional 10% tariff.