Trump threatens 100% tariff on BRICS nations over dollar replacement plans

US President-elect Donald Trump has threatened to impose a 100% tariff on BRICS countries if they attempt to replace the US dollar. He demanded a commitment from the group, which includes India, Russia, China, and Brazil, to abandon such plans. Trump's warning follows discussions among BRICS nations about creating a new shared currency, an initiative proposed by Brazil's president. India has not supported this move and maintains that it does not seek to undermine the US dollar. India's External Affairs Minister S. Jaishankar stated that India does not have hostile intentions towards the dollar. He acknowledged challenges in dollar-based trade and mentioned the need for alternative solutions due to US policies affecting trade.