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,

The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum.

Press secretary of the President of Russia Dmitry Peskov confirmed that so far there is no talk of creating a common currency within the BRICS association. TASS informs about this today, January 31.

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

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.

Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not considering the creation of a shared currency but was instead focused on developing joint investment platforms.

Shri Shri Donald J. Trump, the 47th president of the USA, has been on a loop yelling ‘tariffs’ from the rooftop and basement ever since his re-election campaign.

United States President Donald Trump on Friday reiterated his threat to impose 100% import tariffs on BRICS countries if they moved towards reducing reliance on the US dollar in global trade, reported The Indian Express. In a post on Truth Social, Trump said the US “will not stand idly by” while BRICS countries develop an alternative currency.

President Donald Trump has once again warned that he will impose 100 per cent tariffs against BRICS nations if they attempt to replace the US dollar in international trade, telling them to go and find “another sucker nation.

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

Press Secretary Karoline Leavitt says President Trump still plans to put 25% tariffs on goods from Mexico and Canada starting on Saturday.