Trump’s Stern Warning to India & China: 100% Tariff if Conditions Aren’t Met

Washington (The Uttam Hindu): President Donald Trump has once again threatened the BRICS countries (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and United Arab Emirates). Trump said that if the nine nations (BRICS countries) try to weaken the US dollar, he will impose 100 percent tariff on them.

Trump's statement comes after the BRICS countries' efforts to challenge the dominance of the US dollar in the global financial system. The BRICS countries say that they are fed up with the US monopoly in the global financial system. Developing countries want the global dependence on the US dollar and the euro to be reduced. At the same time, developing countries can take better decisions for their economic interests. During the BRICS conference in the year 2023, member countries also discussed bringing their own currency. At the same time, a proposal was also made to create a common currency for mutual trade and investment among the BRICS countries. Trump did not like this proposal.

If Trump takes any decision against the BRICS countries, it will pose a challenge for India. India and America have a strong trade relationship. India can suffer a major setback due to the imposition of tariffs. In the financial year 2023-24, bilateral trade between India and the US was US$ 118.3 billion. In this financial year, India exported goods worth US$ 41.6 billion to the US.

There has been no official statement yet on the reaction of the BRICS countries to Trump's statement. However, some experts believe that Trump's threat will further boost the efforts of the BRICS countries to challenge the US dollar.