GTRI calls Trump's 100% tariff threat unrealistic and advises India on local currency trading

US President-elect Donald Trump’s warning to BRICS nations about imposing 100% tariffs for replacing the US dollar is deemed unrealistic by the Global Trade Research Initiative (GTRI). They suggest India should focus on developing a local currency trading system instead. GTRI emphasizes that such high tariffs would likely harm US consumers by raising import prices and disrupting global trade. They argue that India should not fully adopt a BRICS currency but enhance its own financial infrastructure. The GTRI notes that the US dollar currently dominates global trade, but other currencies are also significant. They assert that the push for a BRICS currency is a response to the US's influence over global financial systems.