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.

The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum.

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

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.

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.

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,