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 no such plan.

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

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.

US President Donald Trump warned that BRICS nations will face 100% tariffs if they attempt to replace the US dollar with their own currency, according to a statement he posted on Truth Social on January 31. “The idea that the BRICS Countries are trying to move away from the dollar, while we stand by and watch, is OVER,” Trump wrote.

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

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 has promised to impose 100% tariffs on the BRICS nations if they decide to create their own currency to replace the US dollar. Source: Trump on Truth Social, as reported by European Pravda Quote from Trump: "The idea that the BRICS Countries are trying to move away from the Dollar,