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,

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.