Brief by Shorts91 Newsdesk / 03:37am on 01 Dec 2024,Sunday International
U.S. President-elect Donald Trump has threatened a 100% tariff on BRICS nations, including India, China, and Russia, if they attempt to replace the U.S. dollar or create a BRICS currency. Trump stated on Truth Social that such moves would face severe repercussions, urging BRICS nations to abandon de-dollarisation plans. While Russia and China explore alternatives to the dollar, India has opposed the idea. External Affairs Minister S. Jaishankar clarified that India supports pragmatic economic strategies without targeting the dollar. Trump’s warning follows the 2023 BRICS summit, where the viability of a shared currency was discussed.
