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,

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

President Trump warns BRICS countries, including India, of 100% tariffs if they attempt to replace the US dollar in global trade. He emphasizes the importance of the dollar and threatens severe economic repercussions.

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.

In a bold statement soon after becoming the 47th President of the United States, Donald Trump threatened to impose 100% tariffs on India and the other BRICS countries if they didn’t continue to lessen their reliance on the U.

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