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Donald Trump has said he would place very high taxes (100% tariffs) on goods coming from countries in the BRICS group if they try to replace the U.S. dollar in global trade. BRICS includes countries like Brazil, Russia, India, China, and South Africa, along with newer members like Iran, Egypt, Ethiopia, and the UAE.
Why is this happening?
Some BRICS countries have been discussing the idea of creating their own currency to us
Donald Trump has said he would place very high taxes (100% tariffs) on goods coming from countries in the BRICS group if they try to replace the U.S. dollar in global trade. BRICS includes countries like Brazil, Russia, India, China, and South Africa, along with newer members like Iran, Egypt, Ethiopia, and the UAE.
Why is this happening?
Some BRICS countries have been discussing the idea of creating their own currency to us
The Indian Rupee has depreciated to a record low of 84.61 against the US Dollar, marking a fresh setback for the currency. This comes after former US President Donald Trump's threat to impose a 100% tariff on BRICS nations if they fail to continue using the US Dollar. Trump's demand for a commitment from BRICS countries not to create a new currency or back alternatives to the dollar has put additional pressure on global markets, including the Indian Rupee. Along with this geopolitical
The Indian Rupee has depreciated to a record low of 84.61 against the US Dollar, marking a fresh setback for the currency. This comes after former US President Donald Trump's threat to impose a 100% tariff on BRICS nations if they fail to continue using the US Dollar. Trump's demand for a commitment from BRICS countries not to create a new currency or back alternatives to the dollar has put additional pressure on global markets, including the Indian Rupee. Along with this geopolitical
Prime Minister Narendra Modi and Chinese President Xi Jinping will hold a significant bilateral meeting on the sidelines of the BRICS summit in Russia, marking their first direct conversation since the 2020 Galwan clash. Foreign Secretary Vikram Misri confirmed the meeting, emphasizing its importance in light of recent improvements in India-China relations.
The upcoming talks come after a consensus on a new patrolling arrangement along the Line of Actual Control (LAC), aiming to sta
Prime Minister Narendra Modi and Chinese President Xi Jinping will hold a significant bilateral meeting on the sidelines of the BRICS summit in Russia, marking their first direct conversation since the 2020 Galwan clash. Foreign Secretary Vikram Misri confirmed the meeting, emphasizing its importance in light of recent improvements in India-China relations.
The upcoming talks come after a consensus on a new patrolling arrangement along the Line of Actual Control (LAC), aiming to sta
At the BRICS Summit in Kazan, Russia, Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian to address escalating tensions in West Asia, particularly in light of ongoing conflicts involving Israel and Iran. India has voiced its "deep concern" over the situation, emphasizing the importance of dialogue and diplomacy to mitigate the crisis.
The meeting took place against the backdrop of the year-long Israel-Hamas war and heightened threats between Israel and Ir
At the BRICS Summit in Kazan, Russia, Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian to address escalating tensions in West Asia, particularly in light of ongoing conflicts involving Israel and Iran. India has voiced its "deep concern" over the situation, emphasizing the importance of dialogue and diplomacy to mitigate the crisis.
The meeting took place against the backdrop of the year-long Israel-Hamas war and heightened threats between Israel and Ir
Prime Minister Narendra Modi met with Russian President Vladimir Putin at the BRICS Summit in Kazan today, where he reiterated India's stance on resolving conflicts through peaceful dialogue, specifically referencing the ongoing Russia-Ukraine issue. The leaders exchanged warm greetings, including a hug, highlighting their friendly relations.
During their discussion, PM Modi commended the BRICS grouping's achievements and noted the interest of many other nations in joining.
Prime Minister Narendra Modi met with Russian President Vladimir Putin at the BRICS Summit in Kazan today, where he reiterated India's stance on resolving conflicts through peaceful dialogue, specifically referencing the ongoing Russia-Ukraine issue. The leaders exchanged warm greetings, including a hug, highlighting their friendly relations.
During their discussion, PM Modi commended the BRICS grouping's achievements and noted the interest of many other nations in joining.
