President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar. He threatened the member countries of 100 per cent tariff imposition for such an attempt while seeking a commitment from the nine-member group that includes India, Russia, China, and Brazil.
This comes in the wake of the Russian and Chinese quest for the last few years seeking an alternative to the US Dollar. Considerably, formed in 2009, BRICS is the only major international group of which the United States is not a member.
