US President Donald Trump has threatened to hit an extra “fine” on India because of the involvement of the country with the Brics Economic Alliance.
Trump took social on Wednesday to announce a rate of 25% on Indian goods to balance a trade deficit in the South Asian nation.
He also said that India would pay an extra “fine” because of the relationship with Russia, and later adds a press conference that he intends to add the non -specified levy in part because of the membership of the country in Brics.
“We are now negotiating – and they are also Brics. They have Brics, in fact a group of countries that are anti, the United States, and India is a member of that, if you can believe it. It is an attack on the dollar, and we are not going to attack the dollar, so it is partly brics and partially the trade situation, this shortage, this shortage.”
BRICS kept his first summit in 2009 and was originally known as BRIC and represented his four founders: Brazil, Russia, India and China. The acronym became Brics after South Africa joined the group in 2010.
In 2024 it expanded membership to other countries, including Iran, Egypt, Ethiopia and the United Arab Emirates. Indonesia joined at the beginning of 2025.
Brazil, the current president of the group, also claims that Saudi -Arabia is part of the block, but the country in the middle is said to have avoided the formal membership of the Intercontinental Economic Alliance to prevent the US from encountering.
The block also includes 10 “partner countries”, including white, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. Partner countries are not fully-fledged members, but are invited to participate in the BRICS top and can endorse the statements of the Alliance.
Brazil says that the current BRICS priorities include “facilitating economic transactions between Bloklanden, such as the use of local currencies; the development of international payment platforms; cooperation in government contracts; and the promotion of trade facility rods, among other things.”
In 2023, the alliance reportedly started to work on creating a common currency supported by gold and potential extra precious metals and assets to bypass international dependence on the US dollar, although civil servants from different member states of the block claimed earlier this year that they did not insist on the dollarization.
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