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.

President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar.

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 currency. Emphasising the need to maintain the dollar's role in global trade,