Trump Threatens 10% Tariff for Nations Aligned With BRICS

Good morning. Donald Trump dials up trade tensions. China imposes curbs on EU medical devices in a retaliatory move. And Tesla shares may come under pressure on Elon Musk’s political plans. Listen to the day’s top stories.

Donald Trump said any country aligning with the “anti-American” policies of the BRICS nations will face an additional 10% levy. The group of countries that includes Brazil, Russia, India, China and South Africa met over the weekend and condemned US and Israeli attacks on Iran. Trump also said tariff letters will be delivered from noon Washington time today. US Treasury Secretary Scott Bessent indicated some countries may be given an extension to finalize agreements.