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 president's statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa (BRICS) is meeting in Rio de Janeiro this week.

By Manuela Andreoni and Lisandra Paraguassu RIO DE JANEIRO (Reuters) -Developing nations participating in the BRICS summit on Monday brushed away an accusation from U.S. President Donald Trump that the bloc is "anti-American,