He added that BRICS-aligned nations will face an additional 10% tariff.
After days of Republican drama, the House on Thursday passed President Donald Trump's sweeping tax cut and spending bill.
Trump helped Speaker Mike Johnson pressure GOP holdouts into flipping their no votes to allow the measure to go forward in time to meet the president's self-imposed July Fourth deadline.
Moments ago, House Democratic Leader Hakeem Jeffries surpassed the 8-hour mark using his magic minute as he continues to slam the GOP megabill.
He is closing in on breaking the record -- to do so, he must speak until 1:26 p.m. ET without yielding the floor.
House Speaker Mike Johnson is expected to speak for about 10 minutes once Democratic Leader Hakeem Jeffries has wrapped up his marathon speech. After that, a final vote will take place on President Trump's domestic policy bill.
Johnson, who has said he has the votes to pass the legislation, told reporters he expects a signing ceremony for the bill will be held on Friday.
"Potentially before the B-2s fly," Johnson said, referencing the White House celebration set to mark the Fourth of July.
House Democratic Leader Hakeem Jeffries shows no signs of slowing down as he approaches the 8-hour mark in his speech blasting President Trump's megabill on Thursday.
"I've still got a little more time. Donald Trump’s deadline may be Independence Day. That ain’t my deadline," Jeffries said. "You know why, Mr. Speaker, we don’t work for Donald Trump, we work for the American people. That's why we're here right now on the floor of the House of Representatives, standing up for the American people."
Democrats have critiqued Trump's self-imposed July 4 deadline for Republicans to pass the legislation, slamming GOP members for taking critical votes and debate on the bill often overnight.
House Democratic Leader Hakeem Jeffries just surpassed the seven-hour mark using his "magic minute" as he continues to slam the Republican megabill and tell stories about his life and his Democratic colleagues on Thursday
It appears he is aiming to break the record previously set by Kevin McCarthy in 2021 -- who spoke for 8 hours and 32 minutes -- in opposition to the Build Back Better legislation. Jeffries must speak until 1:26 p.m. ET without yielding the floor to break that record
-ABC News' Lauren Peller, John Parkinson and Isabella Murray
