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's trade surplus with the US and its reliance on American trade policy for US dollar earnings make it a key player.

US President Donald Trump on Thursday repeated his threat of imposing a '100% tariff' on BRICS nations if they try to replace the US Dollar with any other currency.

By Ira Dugal This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get latest news from India and how it matters to the world. Investors in India are on edge ahead of the annual federal budget scheduled for release on Saturday.

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.

US President Donald Trump has said India "will do what's right" on the deportation of illegal migrants following a phone call with Prime Minister Narendra Modi. The leaders spoke on Monday, their first conversation since Trump's inauguration last week.

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.

Donald Trump on Tuesday denounced India, China, and Brazil as "tremendous tariff-maker(s)" and said his government would not allow the three to do this, declaring, "... we're not going to let that

US President Donald Trump has warned Brics nations against creating an alternative currency to replace the US dollar, threatening 100 per cent tariffs on those attempting de-dollarisation

Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones - a universal tariff on foreign-imported goods - to ones aimed at specific sectors,

Elon Musks increasing presence in Donald Trumps orbit is proving to be both an asset and a headache. While Musk has poured millions into Trumps re-election campaign, his larger-than-life persona and relentless political manoeuvring have reportedly begun to wear on Trump.