STORY: Trump: "The big money will start coming in on August 1st."U.S. President Donald Trump on Tuesday reiterated that countries targeted by his so-called "reciprocal" tariffs will start paying on August 1,

The Trump administration initially announced the global tariffs on April 2 before opting to pause he bulk of the levies a week later in favor of a July 9 date.

President Trump warned over the weekend that countries choosing to align with the “Anti-American” policies of the Brics group of countries will face an extra 10% tariff. They include Brazil, Russia, India, China, and more recently South Africa. They now include 11 countries that have a relatively low level of economic and industrial development.