Trumps new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,

President Donald Trump on Wednesday announced a new round of tariffs targeting six additional trading partners. Beginning Aug. 1, the

President Donald Trump announced a 50% tariff on goods from Brazil—the highest rate he has announced since he began announcing new levies this week in letters on social media—directly citing the country’s ongoing prosecution of former President Jair Bolsonaro, which he referred to as an “international disgrace” and a “witch hunt.”

Trump alleged BRICS was “set up to hurt us, to degenerate our dollar,” and warned that nations trying to undermine the dollar would “pay a big price.”

BRICS leaders warned that such actions could “distort trade,” “reduce global trade,” and negatively impact the global economy.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

Trump announced a 50 percent tariff on all Brazilian goods, escalating a feud over Brazil’s prosecution of former president Jair Bolsonaro. Brazil vowed to retaliate.