President Donald Trump is threatening an extra 10% tariff on nations that side with the "anti-American" policies of BRICS. Here's what that means.

S. Korean official attends forum in Washington Ahn Se-ryeong (C), economic minister at the South Korean Embassy in Washington; Wendy Cutler (R), vice president of the Asia Society Policy Institute; and Tami Overby,

US President Donald Trump has warned that any country supporting Brics and its “anti-American” policies will face an extra 10 per cent tariff, escalating tensions with the growing economic bloc.

The US president vowed higher tariffs on BRICS nations that align with the bloc's plans to challenge US hegemony. Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

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