US President Donald Trump claimed on Friday that the BRICS, which includes India, "broke up" after he threatened 150% tariffs for undermining the dollar.

BRICS is an intergovernmental organisation made up of 10 countries - Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.

“BRICS states were trying to destroy our dollar. They wanted to create a new currency. So when I came in, the first thing I said was any BRICS state that even mentions the destruction of the dollar will be charged a 150% tariff, and we don’t want your goods and the BRICS states just broke up,” said Trump.

He added that he hasn’t heard about the BRICS after the 150 per cent tariff threat.

“I don’t know what the hell happened to them. We haven’t heard from the BRICS states lately,” Trump said.

On February 13, US President Donald Trump threatened the BRICS nations that they could face 100 per cent tariffs from the United States "if they want to play games with the dollar." He said that the BRICS is dead and reiterated his threat to BRICS nations, saying the US will not trade with the bloc’s nations if they try to replace the US dollar with any other currency.

Earlier in January, the US President threatened to impose tariffs on BRICS countries if they tried to introduce an alternative currency to the US Dollar.

The US President had made similar warnings before assuming office as US President, saying that BRICS nations would face 100 per cent tariffs on imports to the US if they launched a new currency.

During the plenary session of the 15th BRICS Summit in 2023, Russian President Vladimir Putin called for de-dollarisation, saying that "BRICS countries must expand settlements in national currencies and enhance cooperation between banks."

Source: India Today