Why is #TRUMP taking aim at BRICS?๐ฅ๐
U.S. President Donald Trump recently threatened 10% tariffs on BRICS members, a continuation of his long-standing criticism of the group ๐บ๐ธ๐. Trump has described BRICS as โanti-Americanโ, particularly due to its push to reduce reliance on the U.S. dollar ๐ต by promoting local currencies in trade. This effort gained momentum after 2023, fueled by Western sanctions on Russia ๐.
BRICS' Stance ๐โจ
BRICS leaders have denied trying to dethrone the U.S. dollar ๐ซ๐ต. South Africa clarified that their initiative is about local currencies, not replacing the dollar ๐. While some leaders have voiced anti-U.S. sentiments, official statements avoid directly challenging the U.S. or the dollar.
Trumpโs Retaliation & Global Reactions ๐ดโก
In July 2025, Trump, as the BRICS summit unfolded in Rio, warned that countries aligning with BRICS would face a 10% tariff ๐จ. The reduction from his initial 100% tariff is unclear, but signals frustration over BRICSโ de-dollarization drive ๐ซ๐ฒ. Trump's administration has already imposed tariffs on Brazil ๐ง๐ท and South Africa ๐ฟ๐ฆ for political reasons. The Sanctioning Russia Act of 2025 could impose 500% tariffs on Russian products ๐ข๏ธ, affecting India ๐ฎ๐ณ and China ๐จ๐ณ.
India's Position ๐ฎ๐ณ๐
India, pursuing a Free Trade Agreement with the U.S. ๐ค, rejected Trumpโs label of BRICS as anti-American ๐ซ. Indiaโs Finance Minister Pankaj Chaudhury confirmed BRICS only "noted" alternatives to the dollar, not adopting them ๐. External Affairs Minister S. Jaishankar reinforced that India does not seek to replace the dollar ๐ต, despite internal BRICS differences โ๏ธ.
As global tensions rise ๐, Trumpโs concern over de-dollarization persists, but BRICS leaders insist their aim is economic cooperation, not disrupting the global financial system ๐ช.
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