President Donald Trump has again warned that he will impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the U.S. dollar.

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

In a bold statement soon after becoming the 47th President of the United States, Donald Trump threatened to impose 100% tariffs on India and the other BRICS countries if they didn’t continue to lessen their reliance on the U.

President Donald Trump threatens 100% tariffs on BRICS nations over potential 'de-dollarisation' efforts. India balances ties with the US and BRICS while ensuring its economic and strategic interests are preserved.

Spain has a meagre contribution to NATO and as a consequence, it could face 100% tariffs from the US, according to President Donald Trump, who unfortunately confused it with a BRICS country. When a journalist asked what would happen to NATO countries that do not meet the 2% spending target, Trump replied that Spain's contribution is "very low."

Donald Trump said that the BRICS does not have a leverage on the United States, instead Washington holds a barrel over them.

President Trump warned BRICS nations that they face 100 per cent tariffs on trade with the US if they continue de-dollarization efforts. Trump insisted America has leverage over BRICS.