U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.

Amid a series of executive orders, President Trump warned of 100% tariffs on Brics nations if trade remains unbalanced, incorrectly mentioned Spain as

Donald Trump has sniffed trouble brewing afar against the United States - one that may topple the US's position as a dominant global power and end Washington's ability to impose economic sanctions against those it deems fit for the case.

President Donald Trump has again warned that he will impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the U.S. dollar.

US President Donald Trump reiterated his threat towards the BRICS nations on Monday (local time), stating that countries part of this organisation would face 100 per cent tariffs on trade with the US if they continue their de-dollarization efforts.

While signing executive orders in the Oval Office, President Donald Trump was asked by a reporter what “can you expect” from countries in NATO that “spend the least amount,” including France and Spain.

President Donald Trump threatens 100% tariffs on BRICS nations over potential 'de-dollarisation' efforts. India balances ties with the US and BRICS while ensuring its economic and strategic interests are preserved.

After being sworn in as the 47th US President, Donald Trump met reporters in the Oval Office while signing executive orders where he made this erroneous claim.