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 reiterated Thursday his threat to place 100 per cent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico. Trump had previously threatened 100 per cent tariffs on BRICS nations — a bloc ...

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.