(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.

Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.

In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.

President Donald Trump of the United States has threatened the BRICS group of emerging economies with tariffs of 100 per cent if they move away from the US dollar as an international means of payment.

U.S. President Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they try to replace the U.S. dollar as a reserve currency, ahead of his decision to impose 25% duties on Canadian and Mexican goods this weekend.