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.

President Donald Trump on Monday mistakenly identified Spain as a member of the BRICS bloc, a group comprising Brazil, Russia, India, China and South Africa. The comment caused confusion in Madrid and raised concerns about potential tariffs.

Countries that are a part of BRICS would face 100 per cent tariffs on trade with the US if they continue their de-dollarisation efforts, US President Donald Trump said while signing a slew of executive orders hours after taking office.

The new president criticizes Spain's contribution to NATO as still "very low". The new President of the United States, Donald Trump, is very clear that Spain's defense spending remains "low, very low,

US President Donald Trump’s renewed threat of imposing 100% tariffs on BRICS nations in a calculated response to the bloc’s growing efforts to challenge the dominance of the US dollar in global trade.