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.

Newly inaugurated US President Donald Trump has announced plans to impose a 100% tariff on BRICS nations, including India, if they continue efforts to reduce the US dollar’s role in global trade. The move,

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

President Donald Trump has again warned that he will impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the U.S. dollar.

US President Donald Trump has sent a strong warning to BRICS nations, including India. He said the countries could face 100% tariffs if they continue to work toward reducing the use of the US Dollar in global trade.

India's shares fell on Tuesday due to uncertainty over Donald Trump's plans for India after the U.S. President announced trade tariffs on neighbouring countries within hours of taking office.

Donald Trump said that the BRICS does not have a leverage on the United States, instead Washington holds a barrel over them.