BRICS Tariff:
As Donald Trump gears up for a potential second term as US President, his protectionist trade policies have already started causing ripples in the global economy. A major part of his strategy involves imposing 100% tariffs on BRICS countries, including India, if they reduce their reliance on the US dollar for international transactions. With the BRICS nations, including India, discussing the possibility of de-dollarisation, Trump’s comments present a serious challenge for India’s export sectors, including pharmaceuticals, textiles, and IT services.
