Donald Trump declares “BRICS is dead,” claims 100% tariff threat stopped Bloc’s dollar moves

Donald Trump on Brics: US President Donald Trump has threatened a 100% tariff on all imports from BRICS nations if they launch a common currency. Dismissing BRICS’ relevance, Trump emphasized the US’s leverage over the bloc, warning against attempts to undermine the US dollar. These comments highlight escalating global trade tensions, particularly with China, India, […]

U.S. President Donald Trump on Thursday warned of 100% tariffs on BRICS nations if they “play games with the dollar,” referring to discussions around non-dollar trade mechanisms. While Trump targeted Brazil, Russia, India, and China, sources clarified that BRICS has no proposal for a single currency, focusing instead on bilateral trade in national currencies.

Indian Prime Minister Narendra Modi met Tesla CEO Elon Musk in Washington, discussing collaboration in space, mobility, technology, energy, and governance. Modi highlighted India’s reforms and “Minimum Government, Maximum Governance.” US President Donald Trump remarked that Musk likely seeks business opportunities in India.

The Indian electronics industry seeks enhanced trade ties with the US aiming for $750 billion in bilateral trade by 2032, including $100 billion in electronics. They highlight opportunities created by policies like the Production Linked Incentive (PLI) scheme and call for favorable trade concessions and technology partnerships from the US.

The Indian government has outlined the procedure for filing applications to import gold bullion at a reduced tariff rate under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE for 2025-26. India can import up to 200 metric tonnes of gold annually with a 1 per cent tariff concession. Applications must be submitted by February […]

India has exported up to 500,000 metric tons of sugar this season, focusing on countries like Sri Lanka, Bangladesh, and Nepal. The pace is slowing due to mill closures and poor harvest conditions. Experts doubt the one million-ton quota will be met by September 2025.