Trump, tariff
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Global benchmark Brent was little changed above $70 a barrel, after gaining 3% last week, while West Texas Intermediate was above $68.
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 U.S. president has threatened a 10 percent tariff on any country aligned with the BRICS bloc, a potential blow to Russia.
Trump announces plans for 10% tariff on BRICS alliance members, calling them "anti-American" while the bloc criticizes unilateral tariffs and attacks on nuclear facilities.
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The Western Journal on MSNTrump Issues Threat to Russia, China, Other BRICS Countries: 'There Will Be No Exceptions'U.S. President Donald Trump on Sunday threatened to impose additional tariffs on any group linked with the BRICS intergovernmental organization after the group expressed "serious concerns" about him unilaterally imposing tariffs.