President Donald Trump has threatened BRICS countries, warning them against replacing the U.S. dollar as a reserve currency and telling them, "Go find another sucker nation." Newsweek has contacted the White House and the foreign ministries of major BRICS members Brazil,

President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.

In recent years BRICS has become one of the most economically powerful groups. Two of its member states are among the top five largest economies in the world

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.

Hours after US Presiden Donald Trump warned BRICS nations including Brazil of tariffs if they go with a separate currency, Brazilian President Lula da Silva affirmed that if Washington does take any such action,

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.

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. Trump on Thursday warned off BRICS member countries from replacing the U.

US President Donald Trump has warned BRICS member countries against replacing the US dollar as a reserve currency. Trump reaffirmed his 100% tariff threat, which he had made weeks after winning the election.

U.S. President Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they try to replace the U.S. dollar as a reserve currency, ahead of his decision to impose 25% duties on Canadian and Mexican goods this weekend.