President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a major summit in Brazil on Sunday.

Brazil plays host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel’s attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by U.

Leaders of the BRICS group of major emerging economies are meeting in the Brazilian metropolis of Rio de Janeiro on Sunday for a two-day summit. The BRICS acronym is derived from the initial letters of the founding member countries: Brazil,