India, July 19 -- US President Donald Trump on Friday reiterated his warning to countries aligned with the BRICS economic bloc, saying their goods could face an additional 10 per cent tariff if they challenge the dominance of the US dollar.

Speaking at a White House event where he signed new cryptocurrency legislation into law, Trump accused the BRICS grouping of attempting to undermine the dollar's global role.

"We have this little group called BRICS, which is fading out fast," he said. "BRICS, they wanted to try and take over the dollar, the dominance of the dollar and the standard of the dollar."

Trump claimed that attendance at a BRICS meeting dropped following his warning on tariffs. "They didn't want to be tariffed," he said, add...