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 and never had been such a plan.

President Trump vowed to impose tariffs of up to 100 percent on countries that back a new reserve currency among the BRICS countries, a group that includes Russia and China. Trump’s Truth

(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.