Bloomberg - Donald Trump said that any country aligning with the “anti-American” policies of the BRICS group of countries that includes Brazil, Russia, India, China and South Africa will face an additional 10% tariff. The warning comes as the US prepares to send letters to 12-15 countries today setting out their new tariff levels. Treasury Secretary Scott Bessent indicated some nations may be given an extension to finalize agreements.
NBC News Treasury Secretary Scott Bessent said that the U.S. will revert to steep country-by-country tariff rates at the beginning of August, weeks after the tariff rate pause is set to expire.
- NBC News modeled out a 3-bedroom home and found that Trump's tariffs added more than $4,000 to total construction costs.
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