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.

(Reuters) - 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.

BRICS doesn’t plan to create a new common currency to replace the dollar, Kremlin spokesman Dmitry Peskov said.

Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.

Spokesperson for the Presidential Communication Office (PCO), Philips Vermonte, said on Friday that Indonesia's membership of BRICS does not mean the country is distancing itself from its Western allies.

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

US President Donald Trump said he will impose 100 percent tariffs on Brics countries if they create a new currency, reported Sputnik/RIA Novosti. “The idea that the Brics countries are trying to move away from the dollar, while we stand by and watch, is over.

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 no such plan.

Bitcoin’s rally reversed Friday as President Donald Trump threatened to impose 100% tariffs on BRICS countries. Plus, a class action lawsuit hovers over memecoin factory Pump.fun and SBF seeks a presidential pardon.

President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. WASHINGTON— President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he’s still considering whether to include oil from those countries as part of his import taxes.

President Trump has warned BRICS nations of severe economic consequences if they attempt to replace the US dollar.