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.

(Reuters) - 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.

Donald Trump threatened BRICS countries with 100% tariffs if they replaced the dollar as the reserve currency. "We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency,