President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,

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.

The South African rand took a knock against a firmer dollar in early trade on Friday, as global markets remained on edge over U.S. President Donald Trump's tariff threats. At 0713 GMT, the rand traded at 17.

President Donald Trump's administration has reignited global trade debates with its ambiguous tariff strategy, extending deadlines and provoking strong international reactions.

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,

President Trump's proposed 100% tariff on BRICS nations has stirred global controversy. Labeling the group as 'anti-American,' Trump faces backlash from BRICS leaders, who defend their vision of a multipolar world.