Brief by Shorts91 Newsdesk / 10:36am on 01 Dec 2024,Sunday India Global
As Donald Trump threatens 100% tariffs on BRICS nations, including India, over the proposed development of a new currency to challenge the US dollar, India remains cautious. External Affairs Minister S. Jaishankar has expressed skepticism about adopting a BRICS currency, citing concerns over alignment of fiscal and monetary policies among member nations. India’s strong trade relations with the US, which recently became its leading trading partner, further complicate the situation. While India supports reducing reliance on the dollar, it is wary of disrupting its economic and strategic interests in the global arena.
