Are BRICS and India trying to replace the dollar as the main global trade currency? | Explained News
United States President Donald Trump on Monday (January 20) repeated his intention to impose 100% import tariffs on the BRICS (Brazil, Russia, India, China, and South Africa) countries if they took any steps towards cutting the use of the dollar in global trade.BRICS nations would “have a 100 per cent tariff if they so much as even think” about reducing the use of the dollar in global trade, Trump told reporters during the signing ceremony in the Oval Office, according to an ANI report. Earlier, delivering his inaugural speech after...
