Jaishankar clarifies BRICS stance on US dollar amid Trump's tariff threats

firstpost.com — December 7, 2024 at 01:01 PM UTC

At a recent event, Indian External Affairs Minister S. Jaishankar stated that BRICS nations do not intend to undermine the US dollar. He emphasized that their focus is on enhancing financial cooperation, not competing with the dollar. This statement follows US President-elect Donald Trump's threats of 100% tariffs on countries challenging the dollar's dominance. Trump accused BRICS of potentially supporting efforts to replace the dollar, demanding a commitment from member countries against creating a new currency. While India seeks to maintain strong ties with the US, Russia is pushing forward with plans for a new payment system called "BRICS Pay." This system aims to facilitate cross-border payments in local currencies, reflecting differing priorities within the BRICS group.

With a significance score of 4.8, this news ranks in the top 4% of today's 17973 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.

Timeline:

[4.4]

India's foreign minister says BRICS not seeking to weaken US dollar (arynews.tv)

96d 20h

Link Source

[4.3]

Jaishankar humorously addresses US-India relations at Doha Forum (timesnownews.com)

96d 22h

Link Source

[5.0]

India opposes de-dollarization and has no plans for BRICS currency, says Jaishankar (economictimes.indiatimes.com)

96d 23h

Link Source

[4.7]

Jaishankar affirms India has no interest in weakening US dollar while highlighting strong India-US ties (hindustantimes.com)

96d 23h

Link Source

[4.1]

India seeks to facilitate resolution of Russia-Ukraine war, says External Affairs Minister (timesnownews.com)

97d 2h

Link Source

[4.8]

Jaishankar clarifies BRICS stance on US dollar amid Trump's tariff threats (firstpost.com)

97d 3h

Link Source

[5.0]

Russia to proceed with BRICS payment system despite Trump's threats (brecorder.com)

98d 1h

Link Source

[5.1]

India clarifies stance on BRICS currency after Trump's tariff threat (forbes.com)

98d 4h

Link Source

[3.9]

India not pursuing de-dollarization says Reserve Bank governor (timesofindia.indiatimes.com)

98d 6h

Link Source

[4.3]

RBI governor clarifies India's stance on de-dollarization within BRICS (timesofindia.indiatimes.com)

98d 6h

Link Source

[5.1]

Russia vows to advance BRICS payment system despite Trump's import duty threat (gazette.com)

98d 11h

Link Source

[4.7]

Jaishankar highlights India's strong position to strengthen ties with Trump administration (ndtv.com)

98d 20h

Link Source

[4.1]

India sees political advantage in strengthening ties with Trump administration, says Jaishankar (zeenews.india.com)

99d 0h

Link Source

[4.5]

Jaishankar calls for balanced trade approach with China at Assocham event (hindustantimes.com)

99d 0h

Link Source