President Trump accused the BRICS alliance of aiming to undermine the US dollar, warning that member countries would face a 10% tariff. He downplayed the bloc's threat, asserting the dollar's dominance and stating that any challenges would come at a high cost.

US President Donald Trump on Tuesday said that members of the BRICS bloc, including India, will be subject to 10% additional tariffs.

Trump also said he doesn’t see BRICS as a serious threat but believes the group is trying to weaken the U.S. dollar so another country can replace it as the global standard.