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.

Donald Trump threatened BRICS countries with 100% tariffs if they replace 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,

U.S. President Donald Trump has threatened 100-percent tariffs on BRICS countries over their efforts to create a new currency and move away from the U.S. dollar.