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 no such 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

Russia countered United States President Donald Trump’s tariff threat against BRICS while claiming the group has no intention to dethrone the US dollar. BRICS — a group of emerging economies including Brazil,