The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was no such plan.

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.

India faces potential trade disruptions as Trump threatens 100% tariffs on BRICS countries, including India. With the US being India’s largest trading partner, the article explores how India plans to respond to Trump’s tariff policies,