US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

Fears of a global trade war are growing as Donald Trump intensifies his rhetoric against the BRICS nations—Brazil, Russia, India, China, and South Africa—along with newly joined members like Iran, Saudi Arabia,

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action,