The BRICS+ nations have chosen to ignore Donald Trump's threats and go ahead with exactly what it intends on doing - finding an alternative to the US dollar for global trade.

Brics is "more relevant than ever" and a "multilateral approach ... for the limitations of the rules-based multilateral trade system", Brazilian Foreign Minister Mauro Vieira said on Tuesday as the South American country prepares to host the bloc's summit in July.

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,

Buffett has previously expressed concerns about tariffs, opposing Trump's trade proposals during the 2016 campaign, when he called them "a very bad idea"

U.S. President Donald Trump said on Thursday (February 20) that BRICS nations could face 150% tariffs from the United States for "trying to destroy the dollar". Julian Satterthwaite reports.

Donald Trump, since taking office, had warned BRICS nations of sweeping tariffs if they launched a new currency. Trump said that the US requires a commitment from the BRICS nations that they will "neither create a new currency nor back any other currency to replace the mighty US dollar.

India's External Affairs Minister S Jaishankar has stated that the US administration under President Donald Trump is moving towards multipolarity, which aligns with India's interests. He also revealed that India and the US have reached an agreement on the need for a bilateral trade pact.