President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar.

He has also threatened Canada and Mexico with tariffs.US President Donald Trump threatened BRICS member states with 100% tariffs on Thursday to dissuade them from replacing the US dollar as reserve currency.

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.

United States President Donald Trump has once again held out the threat of tariffs to BRICS (Brazil, Russia, India, China, South Africa) nations if they try to replace the US Dollar with any other currency.

Donald Trump said if the BRICS countries back any other currency then they will face 100 per cent tariffs from the United States.

Trump had previously threatened 100 percent tariffs on BRICS nations -- a bloc including Brazil, Russia, India, China and South Africa -- if they create a rival to the US dollar, which he doubled down on Thursday night.

In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.

Trump’s remarks, made on Thursday via a post on his Truth Social platform, come amidst growing discussions within BRICS—an intergovernmental organization comprising Brazil, Russia, India, China, South Africa,

US President Donald Trump has reiterated his threat to place 100% tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.