Trump has warned that he will impose 100 per cent tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the US dollar. BRICS, formed in 2009, is the only major international group of which the United States is not a part.

US President Donald Trump’s renewed threat of imposing 100% tariffs on BRICS nations in a calculated response to the bloc’s growing efforts to challenge the dominance of the US dollar in global trade.

Amid a series of executive orders, President Trump warned of 100% tariffs on Brics nations if trade remains unbalanced, incorrectly mentioned Spain as