U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.

After US President Donald Trump confused Spain with a member of the BRICS bloc, a spokesperson for the Spanish government responded, saying she was unsure why Trump made the comment. Trump erroneously said Spain was in BRICS when a journalist asked him on Monday about NATO countries like Spain which don't meet the NATO minimum of spending 2 percent of economic output on defense.

Newly sworn-in US President Donald Trump is already making waves in the news with his gaffes and this time it was directed at Spain.

The BRICS grouping includes Brazil, Russia, India, China, and South Africa and a few other countries that joined in the past couple of year. The grouping does not have a common cu

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 US dollar as an international means of payment.

U.S. President Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they try to replace the U.S. dollar as a reserve currency, ahead of his decision to impose 25% duties on Canadian and Mexican goods this weekend.