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 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.

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

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.

US President Donald Trump said he wanted a commitment from the 'seemingly hostile' BRICS countries that they would neither create a new BRICS currency nor back any other currency to replace the "mighty" US dollar.

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