Reported 2 days ago
India is attempting to avoid backlash from President Trump's criticism of the BRICS alliance, emphasizing that it does not seek to challenge the US dollar's global dominance. While Trump has threatened tariffs against BRICS nations, including India, the country is focused on securing a favorable trade deal with the US, differentiating its stance from other BRICS members like China and Russia. Indian officials assert that their engagement in local currency trade is aimed at risk management rather than de-dollarization, as New Delhi prepares to take over the BRICS chairmanship in 2026.
Source: YAHOO