Donald Trump has threatened to impose 100% tariffs on BRICS nations (Brazil, Russia, India, China, and South Africa, along with other members) if they pursue reduced reliance on the US dollar in international transactions. This follows a BRICS summit focused on increasing non-dollar transactions and strengthening local currencies. Trump asserts the dollar's irreplaceability, while India has publicly stated its opposition to de-dollarisation. Trump's threat is part of a broader pattern of imposing tariffs, particularly against countries he perceives as employing protectionist trade policies. His previous comments highlight India as a significant target due to its tariff regime.

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