On Trump's tariff threat, Jaishankar says India never for de-dollarisation
Top News
2 weeks, 1 day ago

On Trump's tariff threat, Jaishankar says India never for de-dollarisation

India Today  

External Affairs Minister S Jaishankar on Saturday responded to President-elect Donald Trump's threat to impose a 100 per cent tariff on Brics countries, saying that India has no intentions of weakening the US dollar. Jaishankar's remarks came a week after Donald Trump posted on his Truth Social platform, seeking a commitment from Brics nations that they would not create a new currency or back any other currency to replace the US dollar. that they will neither create a new Brics currency, nor back any other currency to replace the mighty US Dollar or, they will face 100 percent Tariffs," Trump wrote. Trump's remarks came in the wake of last month's Brics summit in Russia during which the member nations focused on advancing alternatives to the US dollar in international trade and emphasised efforts to bolster their local currencies.

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History of this topic

Why Donald Trump should tame his love for tariffs
1 week, 3 days ago

Why Donald Trump should tame his love for tariffs

Firstpost  

It should be useful for the Trump administration to review the structural issues and excessive dependence on unilateral and punitive approaches that run counter to his own objectives of Making America Great Again in the short and medium term President Donald Trump loves tariffs, especially when he can unilaterally impose them as a dangling stick, hoping it might turn into …

'No proposal to have BRICS currency': Jaishankar reacts to Trump's 100 per cent tariff warning
2 weeks, 1 day ago

'No proposal to have BRICS currency': Jaishankar reacts to Trump's 100 per cent tariff warning

India TV News  

External Affairs Minister Dr S Jaishankar on Saturday said that BRICS countries do not intend to weaken the US dollar and India has never been for de-dollarisation. His statement came in response to US President-elect Donald Trump's recent threats of imposing a 100 per cent tariff if BRICS countries went ahead with plans for a common currency. He threatened the …

‘India Never For De-Dollarisation, There’s No BRICS Currency Proposal’: Jaishankar After Trump’s Tariff Warning
Trending News
2 weeks, 2 days ago

‘India Never For De-Dollarisation, There’s No BRICS Currency Proposal’: Jaishankar After Trump’s Tariff Warning

ABP News  

External Affairs Minister S. Jaishankar on Saturday addressed remarks by Prime Minister Narendra Modi and U.S. President-elect Donald Trump, particularly focusing on Trump's recent warning to BRICS nations about imposing a 100 per cent tariff if they pursued a BRICS currency. EAM S Jaishankar Acknowledges Complexities Of Global Diplomacy Speaking at the Doha Forum, hosted by Qatar's Prime Minister and …

‘No interest in weakening dollar', says Jaishankar
2 weeks, 2 days ago

‘No interest in weakening dollar', says Jaishankar

Hindustan Times  

External affairs minister S Jaishankar on Saturday responded to United States President-elect Donald Trump's warning of imposing 100 percent tariffs on BRICS nations, saying that India has ‘no interest’ in weakening the US dollar. Modi-Trump bond strengthens India-US ties The external affairs minister also said the strong personal relationship between Prime Minister Narendra Modi and President-elect Trump has helped strengthen …

‘India has no interest in weakening US Dollar’: EAM Jaishankar responds to Trump’s threat to BRICS nations
2 weeks, 2 days ago

‘India has no interest in weakening US Dollar’: EAM Jaishankar responds to Trump’s threat to BRICS nations

Op India  

External Affairs Minister S Jaishankar on Saturday reacted to President-elect Donald Trump’s threat to impose 100 per cent tariffs on BRICS nations, stating that India has “no interest” in weakening the US dollar. Jaishankar was addressing the 22nd edition of the Doha Forum panel on ‘Conflict Resolution in a New Era’ where Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman bin …

Jaishankar responds to claims of Brics undermining US dollar amid Trump's 100% tariff threat
2 weeks, 2 days ago

Jaishankar responds to claims of Brics undermining US dollar amid Trump's 100% tariff threat

Firstpost  

At a recent Brics summit in Kazan, Russia proposed “BRICS Pay,” a payment system akin to SWIFT and India’s Unified Payments Interface. The system aims to facilitate seamless cross-border payments in native currencies like the ruble, yuan, rupee, real, and rand Indian External Affairs Minister S Jaishankar said Brics bloc is not looking to create a rival to the US …

De-dollarisation not on the table, says RBI Guv
2 weeks, 3 days ago

De-dollarisation not on the table, says RBI Guv

New Indian Express  

Reserve Bank Governor Shaktikanta Das has downplayed the punitive tariffs threatened by U.S. President-elect Donald Trump against BRICS nations if they move away from the dollar, stating that each punitive action would likely provoke counteractions from the affected countries. Trump had on November 30 asked for a commitment from BRICS countries that they would neither create a new currency nor …

Should Brics worry about Trump’s threat?
2 weeks, 6 days ago

Should Brics worry about Trump’s threat?

Live Mint  

The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar. While Trump’s muscle-flexing over the dollar cannot be ignored, experts believe such an action is unlikely to be taken by the US for two reasons: …

India needs to be cautious on Trump threat of tariffs
2 weeks, 6 days ago

India needs to be cautious on Trump threat of tariffs

New Indian Express  

US president-elect Donald Trump’s latest beef about BRICS countries trying to create their own common currency to curb the dominance of the dollar is a typical Trumpian response to what looks like a non-issue. Trump has threatened the BRICS countries with 100 per cent duties on goods sold to the US by these countries if they go ahead with the …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

DC Edit | Trump’s Brics threat is premature
2 weeks, 6 days ago

DC Edit | Trump’s Brics threat is premature

Deccan Chronicle  

US President-elect Donald Trump’s threat to levy 100 per cent duty on imports from Brics+ nations, if they chose to float an alternative global reserve currency to the US dollar, is premature and does not take into account ground realities. Eighty eight per cent of foreign exchange transactions take place in the dollar, 58 per cent of foreign currency reserves …

How far Donald Trump’s BRICS tariff threat can become a reality
3 weeks ago

How far Donald Trump’s BRICS tariff threat can become a reality

Firstpost  

Too many overlapping tariffs are likely to harm American interests by raising domestic consumer prices. To put American interests first, President Trump might have to balance his initiatives in Trump 2.0 and distinguish sharply between friend and foe Trump wants reciprocity from perceived friends in Europe, the EU, and NATO, as well as strategic partners such as India and Taiwan …

Why is Donald Trump threatening Brics members against de-dollarisation?
Top News
3 weeks ago

Why is Donald Trump threatening Brics members against de-dollarisation?

Firstpost  

Donald Trump has demanded that Brics members promise not to create a new currency or support another currency to replace the United States dollar as the world’s reserve currency. Trump has demanded that Brics member nations promise not to create a new currency or support another currency to replace the United States dollar. “We require a commitment from these countries …

Trump’s 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions: Ex-RBI Guv
3 weeks ago

Trump’s 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions: Ex-RBI Guv

Live Mint  

Hyderabad, President-elect Donald Trump’s warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. The nine-member group …

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao
3 weeks ago

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao

New Indian Express  

HYDERABAD: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said …

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao
Trending News
3 weeks ago

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao

New Indian Express  

HYDERABAD: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said …

Trump's hollow threat: How BRICS sidelined 'wonderful economies' over time
3 weeks ago

Trump's hollow threat: How BRICS sidelined 'wonderful economies' over time

India Today  

Even before being sworn in as the 47th President of the United States, Donald Trump threatened BRICS nations with a 100 per cent tariff. US in huge trade deficit with BRICS nations While Trump has threatened BRICS nations with a 100 per cent tariff, if sales don’t go down despite this, the US will end up doubling its trade deficit …

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI
3 weeks, 1 day ago

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI

Live Mint  

New Delhi, Dec 1 The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said on Sunday. "Trump's threat to impose 100 per cent tariffs on countries …

Donald Trump seeks ‘commitment’ from BRICS on using US Dollar or else ‘should expect to say goodbye to…’
3 weeks, 1 day ago

Donald Trump seeks ‘commitment’ from BRICS on using US Dollar or else ‘should expect to say goodbye to…’

Hindustan Times  

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff. “The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch …

'Go find another sucker': Trump's message to BRICS members, which includes India
3 weeks, 1 day ago

'Go find another sucker': Trump's message to BRICS members, which includes India

Hindustan Times  

Donald Trump, the next president of the United States, said on Saturday that BRICS countries can ‘go find another sucker’ if they cannot commit that they will neither create a new currency of their own, nor back any other currency “to replace the mighty US Dollar”. US President-elect Donald Trump Formed in 2009, BRICS is an intergovernmental organisation comprising nine …

Trump threatens to impose 100% tariff on BRICS nations if they pursue de-dollarisation
Top News
3 weeks, 1 day ago

Trump threatens to impose 100% tariff on BRICS nations if they pursue de-dollarisation

Firstpost  

US President-elect Donald Trump warned BRICS nations that Washington will impose 100 per cent trade on them if they pursue the idea of de-dollarisation, put forward by Russia and China Amid the looming trade wars with Mexico and Canada, US President Donald Trump warned that he will impose a whopping 100 per cent tariffs on BRICS nations unless their governments …

Trump Warns BRICS Countries Of 100% Tariffs If They Replace US Dollar
3 weeks, 1 day ago

Trump Warns BRICS Countries Of 100% Tariffs If They Replace US Dollar

ABP News  

President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post …

Donald Trump vows 100% tariff on BRICS countries if...: ‘Go find another sucker’
Top News
3 weeks, 1 day ago

Donald Trump vows 100% tariff on BRICS countries if...: ‘Go find another sucker’

Live Mint  

US President-elect Donald Trump has vowed 100% tariff on BRICS countries if they make any move to replace the US dollar and sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar …

Trump threatens BRICS nations with 100 per cent tariff against replacing US Dollar
Top News
3 weeks, 1 day ago

Trump threatens BRICS nations with 100 per cent tariff against replacing US Dollar

India TV News  

President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar. He threatened the member countries of 100 per cent tariff imposition for such an attempt while seeking a commitment from the nine-member group that includes India, Russia, China, and Brazil. “We require a commitment from these Countries that they will neither create a new …

US President-elect Trump threatens BRICS nations with 100 per cent tariffs over plans to replace dollar
3 weeks, 1 day ago

US President-elect Trump threatens BRICS nations with 100 per cent tariffs over plans to replace dollar

New Indian Express  

NEW DELHI: U.S. President elect Donald Trump on Sunday said that BRICS countries trying to move away from dollar will face 100 per cent tariffs. We require a commitment from these countries that they will neither create a new BRICS Currency, nor back any other currency to replace the mighty U.S. Dollar or, they will face 100 per cent tariffs …

As Trump threatens 100% tariffs, where India stands on Brics currency vs dollar
3 weeks, 1 day ago

As Trump threatens 100% tariffs, where India stands on Brics currency vs dollar

India Today  

As Donald Trump returns to the White House in January 2025, his aggressive trade stance - the latest now being a 100 per cent tariff threat on Brics nations, including India, if they went ahead to develop their own currency to undermine the US dollar's dominance - has already created ripples in the global economy. Trump's 100 per cent tariff …

Trump threatens 100% tariff on multiple countries, including India, if they...
3 weeks, 2 days ago

Trump threatens 100% tariff on multiple countries, including India, if they...

Firstpost  

“We require a commitment from these Countries that they will neither create a new…Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump wrote on Truth Social US President-elect Donald Trump has threatened to slap India, and other BRICS countries, with 100% tariffs. In a post on his social media platform Truth Social on Saturday, he wrote, …

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
3 weeks, 2 days ago

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency

CNN  

CNN — President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency …

India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new BRICS members
6 months, 1 week ago

India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new BRICS members

India TV News  

Moscow: India on Monday welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia as new members of the BRICS grouping as their representatives attended a key meeting of the bloc hosted by Russia, which took over the year-long membership of BRICS on January 1. The ministers at the meeting welcomed "the active participation of the new members of BRICS, the Ministers …

India watches BRICS’ new members warily because of Chinese influence
11 months, 1 week ago

India watches BRICS’ new members warily because of Chinese influence

Hindustan Times  

“China and India’s disagreement,” noted Hung Tran, non-resident senior fellow at the Atlantic Council’s GeoEconomics Center in an essay, "regarding membership expansion will shape the prospects of aspiring BRICS countries and the organization’s future.’’ Prime Minister Narendra Modi with China's President Xi Jinping. It does not want to lose its influence if the BRICS group admits too many new members …

Why a common BRICS currency might have to wait
1 year, 4 months ago

Why a common BRICS currency might have to wait

Firstpost  

While all BRICS nations agree on reducing dependence on the US dollar and boosting local currencies for trade, they are yet to find a common ground to develop a Euro-like currency for the bloc. As leaders of Brazil, Russia, India, China and South Africa participate in the talks, the push for a common BRICS currency seems to have been put …

Dollar hegemony prompts BRICS rethink
1 year, 4 months ago

Dollar hegemony prompts BRICS rethink

China Daily  

SHI YU/CHINA DAILY At the ongoing BRICS Summit in Johannesburg, a key topic that has attracted wide attention is the further development of new and complementary reserve currencies and settlement mechanisms. At the end of March, Alexander Babakov, deputy chairman of the Duma, the lower house of the Russian parliament, said the BRICS countries were working on creating a new …

Dollar hegemony prompts BRICS rethink
1 year, 4 months ago

Dollar hegemony prompts BRICS rethink

China Daily  

SHI YU/CHINA DAILY At the ongoing BRICS Summit in Johannesburg, a key topic that has attracted wide attention is the further development of new and complementary reserve currencies and settlement mechanisms. At the end of March, Alexander Babakov, deputy chairman of the Duma, the lower house of the Russian parliament, said the BRICS countries were working on creating a new …

Can BRICS create a new world order?
1 year, 4 months ago

Can BRICS create a new world order?

Al Jazeera  

Dozens of nations want to join the five-nation club. Starting Tuesday, leaders of the group of nations known as the BRICS – Brazil, Russia, India, China and South Africa – are meeting for a three-day summit, which is expected to draw eyeballs from capitals around the world. ‘Voice’ of the Global South In opening remarks at the BRICS foreign ministers …

‘Brics trade focus only on national currencies’
1 year, 4 months ago

‘Brics trade focus only on national currencies’

Live Mint  

Foreign Secretary Vinay Mohan Kwatra on Monday downplayed the possibility of Brics countries developing a common currency. Briefing the media, Kwatra said deliberations among Brazil, Russia, India, China and South Africa have been focused on boosting trade in national currencies instead of on developing a common currency. “The substantive part of trade and economic exchanges and discussions that have been …

We face hard options on the BRICS architecture
1 year, 4 months ago

We face hard options on the BRICS architecture

Live Mint  

The latest summit of the BRICS group of countries starts on Tuesday in South Africa, the only add-on member of what began as a quartet of Brazil, Russia, India and China, which formed the original ‘BRIC’ coined by Goldman Sachs two decades ago by clubbing together hot emerging markets for global investors to bet on. India has professed resolute neutrality …

brics common currency push & expansion plans: where does india stand?
1 year, 4 months ago

brics common currency push & expansion plans: where does india stand?

The Hindu  

The story so far: In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations are scheduled to meet in Cape Town, South Africa on August 22-24 this year. In a post-meeting statement, South Africa’s foreign minister Naledi Pandor said that Shanghai-based New Development Bank had briefed the BRICS minsters about potentially using alternative currencies …

Jaishankar Makes Big Comment on BRICS Currency Plans Amid De-Dollarisation Push | Watch
1 year, 5 months ago

Jaishankar Makes Big Comment on BRICS Currency Plans Amid De-Dollarisation Push | Watch

Hindustan Times  

Jaishankar Makes Big Comment on BRICS Currency Plans Amid De-Dollarisation Push | Watch India has made a big declaration amid speculation of a new BRICS currency. India's external affairs minister, S. Jaishankar, said there are no plans for a new BRICS currency and that the focus is on strengthening the national currency. Some reports state that 41 countries, including Bangladesh, …

Egypt drubs dollar in trade with BRICS nations
1 year, 6 months ago

Egypt drubs dollar in trade with BRICS nations

Firstpost  

The call to ditch dollar in settling overseas trade has been getting louder with more countries joining the league. Egypt has become the latest entrant to shed the US currency in trade with several member states pf the BRICS economic bloc. The group which is scheduled to hold its 15th annual summit in South Africa over August 22-24 are also …

BRICS pitches for using local currencies in international trade
1 year, 6 months ago

BRICS pitches for using local currencies in international trade

The Hindu  

The BRICS nations on June 2 underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. The joint statement titled 'The Cape of Good Hope', said Ministers expressed their support for a free, open, transparent, inclusive, equitable, non-discriminatory and rules-based multilateral trading system with the World …

BRICS pitches for using local currencies in international trade
1 year, 6 months ago

BRICS pitches for using local currencies in international trade

India TV News  

Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. The joint statement titled 'The Cape of Good Hope', said ministers expressed their support for a free, open, transparent, inclusive, equitable, non-discriminatory and rules-based multilateral trading system with the …

Jaishankar to meet Lavrov, Qin at BRICS FM meeting in South Africa
1 year, 6 months ago

Jaishankar to meet Lavrov, Qin at BRICS FM meeting in South Africa

The Hindu  

External Affairs Minister S. Jaishankar left early on May 31 for a week-long visit to South Africa and Namibia, beginning with his attendance at the BRICS Foreign Ministers’ meeting in Capetown. He will call on the President of South Africa and is expected to hold bilateral meetings with other BRICS Foreign Ministers and participating ‘Friends of BRICS’ Ministers from other …

After the stalled rupee-oil trade with Russia, India should be cautious on BRICS currency
1 year, 6 months ago

After the stalled rupee-oil trade with Russia, India should be cautious on BRICS currency

Firstpost  

On paper, India’s rupee-based oil trade with Russia was historic and also path-breaking for the world at large even more than what the arrival of euro and yuan might have been when they hit the global track. The dichotomy could only accentuate if India were to fall into the trap of joining the BRICS chorus for a currency of its …

Russian finance minister urges BRICS to band together to mitigate economic crisis
2 years, 8 months ago

Russian finance minister urges BRICS to band together to mitigate economic crisis

Firstpost  

Anatoly Siluanov blamed economic sanctions on Russia for ‘destroying the foundation of the existing international monetary and financial system based on the US dollar’ and urged BRICS to rely more on their national currencies in foreign trade Moscow: Russian Finance Minister Anatoly Siluanov said on Saturday that the five BRICS countries could mitigate the backlash of Western sanctions against Russia …

BRICS | The coming together of the powerful five
3 years, 6 months ago

BRICS | The coming together of the powerful five

The Hindu  

Twenty years after it was first thought of, the BRICS group of Brazil, Russia, India, China and South Africa still mystifies all. In 2001, Goldman Sachs’ Jim O’Neill authored a paper called “Building Better Global Economic BRICs”, pointing out that future GDP growth in the world would come from China, India, Russia and Brazil. In 2003, Goldman Sachs wrote another …

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