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.

US President Donald Trump said he will impose 100 percent tariffs on Brics countries if they create a new currency, reported Sputnik/RIA Novosti. “The idea that the Brics countries are trying to move away from the dollar, while we stand by and watch, is over.

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.

US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.

Shri Shri Donald J. Trump, the 47th president of the USA, has been on a loop yelling ‘tariffs’ from the rooftop and basement ever since his re-election campaign.

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.

President Donald Trump has issued a warning to Brics nations about facing 100 percent tariffs if they attempt to replace the US dollar with another cu

President Trump warned of new tariffs on China, Canada, and Mexico as soon as February 1. Here's where his trade plans stand as the deadline nears.

President Donald Trump has issued a stern warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—against efforts to replace the U.S. dollar as the world's primary reserve currency.

President Donald Trump attempted to renew his threat against a bloc of nine nations in case they tried to undermine the US dollar.

US President Donald Trump has fired a shot across the bow of the BRICS alliance, threatening to impose a sweeping 100 per cent tariff on any country attempting to undermine the US Dollar.