The South African rand fell in early trade on Monday as markets reacted to U.S. President Donald Trump's threat to impose additional tariffs on BRICS-aligned countries. Trump said on Sunday in a post on Truth Social that countries aligning themselves with the "anti-American policies" of BRICS will be charged an additional 10% tariff,

US president Donald Trump has threatened to impose an additional 10 per cent tariff on any nation aligning themselves with the “Anti-American policies” of the Brics group of developing countries as their leaders met in Brazil on Sunday.

President Trump said the U.S. would impose higher charges on imports from countries that follow the "anti-American policies" of major emerging economies including Brazil, China and Russia. "Any Country aligning themselves with the Anti-American policies of BRICS,