During the signing of the landmark GENIUS Act, President Trump launched a spectacular verbal assault on BRICS, calling the bloc a “little group fading fast”, accusing it of trying to dethrone the US dollar.

US President Donald Trump warned on Friday that the Brics grouping of emerging economies would “fall apart very quickly” if it ever became a truly influential alliance, as he vowed to impose steep tariffs on member countries and block the adoption of a US central bank digital currency (CBDC).

US President Donald Trump has warned that countries aligning with the BRICS economic bloc will face additional 10 per cent tariffs on their goods, as he seeks to protect the dollar's global dominance.