President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.

He has also threatened Canada and Mexico with tariffs.US President Donald Trump threatened BRICS member states with 100% tariffs on Thursday to dissuade them from replacing the US dollar as reserve currency.

US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.

In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.

Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.

Trump’s remarks, made on Thursday via a post on his Truth Social platform, come amidst growing discussions within BRICS—an intergovernmental organization comprising Brazil, Russia, India, China, South Africa,

US President Donald Trump has warned BRICS nations against introducing a new currency or backing an alternative to the U.S. dollar. He stated that if they proceed, they would face 100% tariffs.

India's limited local currency trade reduces risk of US tariffs amid BRICS de-dollarisation push, promoting rupee internationalisation.

BRICS, formed in 2009, is the only major international group of which the United States is not a part. BRICS consists of ten countries- Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia,

WASHINGTON: US President Donald Trump reiterated Thursday his threat to place 100 percent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico. Trump had previously threatened 100 percent tariffs on BRICS nations - a bloc including Brazil,