If you're not familiar with format strings, read the links provided in the page linked to above, and/or read some pages on Excel format strings to understand how they work. See and search for "custom format strings".
You can now apply formatting strings to columns and measures, like in Excel. The Sep 2019 release of Power BI has finally made custom number formatting available, which makes this issue much easier. Also, being text, the formatted measure aligns to the left, and I can’t see how that can be changed. You don’t need to include the original measure in the visual, but it must be in the table. Instead, use the value of the original measure (Sum of Total Incl Tax in the screen shot below) to add the red to the formatted measure when negative. Because the result of the Format function is text, you can’t use the value of the formatted measure to determine if it’s less than zero. Apply the red-if-less-than-zero conditional formatting to the formatted measure.
Create a new measure to add the brackets for the negative numbers: For example,.If you must have brackets and red, my somewhat involved solution: If you can live with a negative sign and red, it’s easy, just use the conditional formatting (see screen shot below). You can use conditional formatting to make negative numbers show as red (but not text values). You can use the DAX Format function to format negative numbers with enclosing brackets.
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