Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

The Brics summit in Rio de Janeiro, Brazil, attended by Prime Minister Modi, has become a focal point of international trade tensions. Brics leaders criticised Donald Trump's tariff policies, warning they could destabilise the global economy and distort trade.

"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!