‘Replace dollar, face 100% tariff’: Donald Trump’s threat to members of BRICS, which includes India

President Donald Trump on Thursday cautioned BRICS member countries against replacing the US dollar as the global reserve currency, reiterating a threat of 100% tariffs that he had issued after winning the US elections in November.

In a post on social media platform TruthSocial, Trump said, “We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100% Tariffs.”