The BRICS group, composed of Russia, China, India, Brazil, and other nations, has been exploring ways to reduce reliance on the U.S. dollar.

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.

President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar. "The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch,

President Donald Trump of the United States has threatened the BRICS group of emerging economies with tariffs of 100 per cent if they move away from the

The Kremlin on Friday noted a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, but said there were no such plans.

In recent years BRICS has become one of the most economically powerful groups. Two of its member states are among the top five largest economies in the world

The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was and never had been such a plan.

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.

President Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs th

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.