A Brief Analysis - US President Trump’s threat to BRICS members on de-dollarization effort
By Dr. S. Chakraborty On Thursday, US President Donald Trump, took Truth social media platform to threaten BRICS member states on their alleged de-dollarisation effort. He clearly stated that, the effort could consequent to 100% tariff on member countries. He said that, it is impossible to replace dollar in international trade. If any member state would try to implement this idea, then they have to say goodbye to American economy. BRICS is an intergovernmental organization comprised of Brazil, Russia, India, China, South Africa, Egypt, Iran, Saudi Arabia, UAE, Indonesia. Altogether these countries include 25% of global economy and 40% of global population. It is the only biggest intergovernmental platform which does not include the US. In the last few years, BRICS continuously forwarded the idea of a BRICS currency. In 2024, BRICS summit was held in Russia. The idea was again discussed in the summit. In December 2024, Donald Trump had given same threat to BRICS members. In ...