The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions,

The BRICS bloc is made up of 11 nations, with Brazil, Russia, India, China, and South Africa making up the core group. The bloc has drawn Trump's ire before.

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,

China said BRICS does not seek confrontation or target any country after U.S. President Donald Trump threatened a new 10 percent tariff.

The BRICS bloc has criticized rising tariffs and attacks on Iran in its latest summit declaration. Meeting in Rio de Janeiro on Sunday, the group also condemned NATO’s increased military spending and expressed concerns about global trade disruptions caused by tariffs.

The group of emerging economies—including Brazil, Russia, India and China—has long sought to present itself as a multilateral counterweight to a U.S.-dominated world order.