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,

US President Donald Trump has repeatedly warned BRICS nations against attempts to challenge the dominance of the US dollar with an alternative global reserve currency

US President Donald Trump on Thursday claimed that the BRICS nations have "broken up", days after he threatened them with 100 per cent tariffs if they tried to seek an alternative for the US dollar.

Should Trump implement his 100% tariff threats, there may be serious repercussions for the world economy. Such tariffs might cause major industry disruptions, price increases, and strained diplomatic ties as several BRICS countries sell commodities valued at billions of dollars to the United States.

Trump has remained in staunch opposition to BRICS states over their de-dollarisation attempts. He threatened to impose tariffs on BRICS countries even before assuming the Presidential Office in the US.

Former President Trump asserts BRICS is breaking apart and threatens a 150% tariff, accusing them of challenging the US dollar. BRICS includes Brazil, Russia, India, China, and South Africa and has recently been expanding.

South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday.