Trump said Tuesday there would be “no extensions” granted to the new August 1 deadline for U.S. trading partners to negotiate new deals or face higher tariffs on goods imported from their countries.

The president’s statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa is meeting in Rio de Janeiro this week. President Donald Trump is threatening to add an additional 10% tariff on countries that align with the so-called “anti-American policies of BRICS,

Trump, who raised the tariff threat on Sunday, said in a Tuesday cabinet meeting at the White House that the duty was on the way: "Anybody that's in BRICS is getting a 10% charge pretty soon ... If they're a member of BRICS,

United States President Donald Trump has threatened to hike tariffs against the BRICS economic bloc after the group offered indirect criticism of trade wars and the recent military attacks in Iran. On Monday,