The reimposition of Trump's higher tariffs, and also retaliatory measures from U.S. trading partners who did not reach a deal in time, threatens to pull global trade back to where it was in April, with widespread disruption, market volatility, and looming economic pain.

Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is no

American" policies of the BRICS bloc nations will face an extra 10% tariff on exports. “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff.