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.

US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.

In a recent statement, former US President Donald Trump reiterated his warning to BRICS countries, threatening them with 100% tariffs if they attempt to replace the US dollar as the global reserve currency.

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

US President Donald Trump declared that he would impose 100 per cent tariffs on any BRICS country that takes steps toward abandoning the US dollar.

Trump had previously reiterated his position during a signing ceremony at the Oval Office, where he directly warned BRICS countries against moving away from the dollar.

US President Donald Trump warned Brics nations against trying to move away from US dollar, threatening to impose a 100 per cent tariff. He posted, "The idea that the BRICS Countries are trying to move away from the Dollar,

US President Donald Trump has warned BRICS nations against introducing a new currency or backing an alternative to the U.S. dollar. He stated that if they proceed, they would face 100% tariffs.

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

Trump said, "they require a commitment from these seemingly hostile countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% tariffs,

Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.

AUD/USD stays defensive near 0.6200 in the Asian session on Friday, hanging close to a nearly two-week low amid the latest tariff threat from US President Trump on Chinese imports. Further, increased bets for February RBA rate and China's economic woes remain a drag on the pair. US PCE eyed.