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.
The White House declared "VICTORY!" just after the House passed President Trump's megabill agenda on Thursday. The message came in a social media post from White House press secretary Karoline Leavitt as the bill will now head to the president's desk for signing.
Republican Reps. Thomas Massie and Brian Fitzpatrick were the two GOP no votes on Trump's spending bill.
All Democrats voted against the bill.
Fitzpatrick, who represents Pennsylvania, cited the Senate changes to the House bill as the reason he voted against the legislation.
"The original House language was written in a way that protected our community; the Senate amendments fell short of our standard. I believe in, and will always fight for, policies that are thoughtful, compassionate, and good for our community. It is this standard that will always guide my legislative decisions," he said in a statement.
The House on Thursday passed President Trump's major tax cut and spending bill in a 218 to 214 vote.
The legislation will now go to Trump's desk for his signature.
The final vote came after an overnight scramble by Speaker Mike Johnson to secure the necessary GOP votes to proceed, and then a record-breaking speech from House Democratic Leader Hakeem Jeffries that lasted for 8 hours and 44 minutes.
No changes were made by the House to the Senate version of the bill, despite some grumbling from House Republican hardliners over the Senate changes to Medicaid and the deficit. Some of those holdouts say Trump made promises to get their votes, including saying he'd make the bill "better" in the future.
The House is now voting on Trump's megabill. It is expected to pass.
Speaker Mike Johnson on Thursday urged his colleagues to vote in favor of the bill, saying it is the "most important vote of this Congress, and I think this may be the most important vote that any of us take in our entire lifetime, and everybody better remember it however you vote today, my friends, the President of the United States is waiting with his pen."
