The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was and never had been such a plan.

The Kremlin on Friday noted a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, but said there were no such plans.

China's position on the prospects for the creation of the BRICS currency remains unchanged, despite the threats of US President Donald Trump to impose one hundred percent duties on goods from all countries of the association in the event of its creation.

Congress MP Shashi Tharoor said that US President Donald Trump’s threats to impose tariffs on BRICS nations “seem empty” as there is no plan to introduce an alternative currency to the US dollar. He said that there is no serious proposal for the BRICS to come up with an

By moving away from the US Dollar, BRICS are looking to circumvent economic pressures and protect their financial interests.

Cross-Border Transactions: There has been a notable decline in US dollar-denominated cross-border lending among BRICS members, dropping from 67% in 2016 to 55% recently. This trend reflects a growing preference for using local currencies in international transactions.

Two weeks after Nigeria became a partner country, US President Donald Trump has reiterated his threat to impose 100% tariffs

US President Donald Trump has reiterated his threat to place 100% tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.

US President Donald Trump, on Thursday, threatened the BRICS group of emerging economies with 100 per cent tariffs if they move away from the US dollar as an international means of payment. “The idea that the BRICS countries are trying to move away from the dollar,

Donald Trump threatened BRICS countries with 100% tariffs if they replaced the dollar as the reserve currency. "We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency,

The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” Donald Trump said on his social media platform Truth Social.