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Trump Warns Brics Countries on Us Dollar | Trump warned BRICS countries on US dollars: 100% tariff will be charged if we do not trade in dollars

Washington15 minutes ago

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US President Donald Trump has once again warned BRICS countries. Trump said on Friday that if BRICS tries to remove the US dollar from international trade, they will face 100 percent tariff.

Trump posted on his social media platform Truth social on Thursday and wrote,

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BRICS will keep trying to withdraw from the dollar and we will only keep watching, this idea is over now.

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Trump has asked BRICS countries a guarantee of not making new currency and not making any other currency option other than dollars. If BRICS countries do not do this, Trump will put 100 tariffs on them. Also, they will not be able to do business with America. He told BRICS countries that they Any other stupid country Find

No consensus in BRICS countries on creating currency

The member countries involved in BRICS have not agreed to make currency. There has been no official statement about this so far. The discussion about its currency was intensified before the Summit of BRICS countries held in Russia in October last year.

However, before the summit, Russian President Putin made it clear that the BRICS organization is not considering creating its currency. However, there was a discussion about its payment system of BRICS countries at the summit.

There was a discussion about preparing this payment system on the lines of global Swift payment system. India had offered to give their UPI for the payment system to BRICS countries.

The annual meeting of BRICS was held from 22 to 24 October in Kazan city of Russia.

The annual meeting of BRICS was held from 22 to 24 October in Kazan city of Russia.

India not in support of BRICS currency

In December last year, Indian Foreign Minister S Jaishankar said in a statement that India is not in favor of reducing dependence on US dollar in de-deforation, and there is no proposal for BRICS currency.

BRICS is a group of countries with the world’s major economy, which does not include the US.

For the last few years, Russia and China have been trying to create currency currency as an alternative to the marry -dollar, which is not being agreed.

America earns billions on the basis of dollar

In 1973, the Swift network started with 518 banks from 22 countries. It currently consists of 11,000 banks from more than 200 countries. Those who have their own foreign exchange reserves in American banks. Now all the money is not invested in business, so the countries put their extra money in the American bonds, so that some interest is available.

These money, including all countries, is around 7.8 trillion dollars. That is, more double than the economy of India. America uses this money in its growth.

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Also read this news related to BRICS ….

Nigeria got BRICS Partner Country status: Brazil announced; So far 9 countries have become official BRICS partners

Nigeria, the country of the continent of Africa, formally became a partner of BRICS on 17 January. According to Russia’s news agency RT, the Brazilian Foreign Ministry announced that Nigeria has become the 9th official brics partner with Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda and Uzbekistan. Read full news here …

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