President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

U.S. President Donald Trump warned early Monday that countries that support of BRICS nations -- Brazil, Russia, India and China -- would be slapped with an additional 10% tariff when across-the-board

Trump took aim at the BRICS bloc, threatening higher tariffs on the group. The bloc's core members include Brazil, Russia, India, China, and South Africa.Trump has taken issue with the bloc in the past over efforts to de-dollarize their economies.