USD Vs BRICS currency debate: Here's what EAM S Jaishankar said - Watch video

2024-12-01 03:00 PM IST

Donald Trump is set to return as President of the United States after a historic victory, showcasing his commitment to nationalism. On November 25, he announced plans to impose tariffs on Canada, Mexico, and China, including a 25% tariff on goods from the first two countries and an additional 10% on Chinese imports. On November 30, Trump further threatened BRICS nations, demanding they refrain from creating or supporting a currency that could challenge the US dollar. Through a social media post, he warned of 100% tariffs if these countries challenge the US economy. However, India`s External Affairs Minister, S. Jaishankar, dismissed concerns over a BRICS currency, emphasizing it as a non-issue for national policy.

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