
India Denies Intentions of De-Dollarization Amid Trump's Tariff Threats on BRICS
7 Dec 2024India has distanced itself from any intentions of de-dollarization following a stern warning from Donald Trump, who has implied 100% tariffs on BRICS countries should they create a competing currency against the U.S. dollar. While Trump's comments have stirred controversy, India reaffirms it is more focused on increasing trade in regional currencies among BRICS countries rather than dethroning the dollar.