“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.

Trump had previously threatened tariffs on the BRICS group if they followed through with plans to challenge the supremacy of the U.S. dollar.

Asian equities started the week on a downbeat note, as remarks by President Trump stirred up already-tense markets bracing for tariffs to hit dozens of countries this week.