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.

US President Donald Trump has issued a stern warning to the BRICS nations (Brazil, Russia, India, China, and South Africa), threatening 100% tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.

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.

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.

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.

WASHINGTON: US President Donald Trump reiterated Thursday his threat to place 100 percent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico. Trump had previously threatened 100 percent tariffs on BRICS nations - a bloc including Brazil,

US President Donald Trump has issued a stern warning to BRICS nations, stating that any effort to replace the US dollar as the global reserve currency will face severe repercussions. In a statement on Truth Social Thursday,

Donald Trump stated that no currency would replace the US dollar and that any attempt would invite high tariffs