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.

US President Donald Trump on Thursday threatened the BRICS group of emerging economies with tariffs of 100% if they move away from the US dollar as an international means of payment. "The idea that the BRICS Countries are trying to move away from the Dollar,

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.

US President Donald Trump on Thursday cautioned BRICS nations against replacing the U.S. dollar as the reserve currency, reiterating a threat of 100% tariffs he had made shortly after winning the November presidential elections.

Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Currently, the group does not have a common currency, but discussions on the subject gained some momentum after the West imposed sanctions on Russia over the war in Ukraine.

United States President Donald Trump on Friday reiterated his threat to impose 100% import tariffs on BRICS countries if they moved towards reducing reliance on the US dollar in global trade, reported The Indian Express. In a post on Truth Social, Trump said the US “will not stand idly by” while BRICS countries develop an alternative currency.

President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar.

Trump had previously threatened 100 percent tariffs on BRICS nations -- a bloc including Brazil, Russia, India, China and South Africa -- if they create a rival to the US dollar, which he doubled down on Thursday night.

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.

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,

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