Trump warns BRICS nations against creating alternatives to US Dollar

Donald Trump, the president-elect, warned BRICS countries that they must not create a new currency or support alternatives to the US Dollar. He stated that failure to comply could result in high tariffs and loss of access to the US market. BRICS, which includes Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the UAE, has been exploring a common currency. However, India has expressed its opposition to de-dollarization, emphasizing that it does not target the US Dollar in its economic policies. India's External Affairs Minister, S. Jaishankar, clarified that while India seeks to facilitate trade with partners who may not use dollars, it does not have malicious intent against the US Dollar. He noted that India is focused on practical solutions for trade.