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00:00President Donald Trump of the United States of America has reiterated his promise of 100% import-free tariffs on the BRICS countries on Monday, January 20.
00:15Trump says that if the BRICS countries take any steps in the direction of reducing the use of the dollar in global trade, then 100% tariffs will be imposed on them.
00:25In December 2024, President-elect Trump posted on social media that we need a commitment from these countries.
00:34They will not make the BRICS currency, nor will they support any other currency to change the powerful American dollar.
00:43Otherwise, they will have to face 100% tariffs.
00:46Now the biggest question is why is the President of the United States of America Donald Trump giving such a warning?
00:52Is Trump afraid that the BRICS countries are bringing new currency to beat the dollar?
00:59Trump's fear is not just that.
01:01The BRICS countries have been trying to reduce the dollar.
01:05China, Russia and India have made many attempts to do this.
01:10So let's tell you in this video what is Trump's real fear?
01:15Countries around the world are actually thinking about reducing their dependence on the US dollar and the global financial system led by the US.
01:25After the US removed Russia from the Society for Worldwide Interbank Financial Telecommunication, i.e. SWIFT,
01:33a new series has been considered, which is necessary for international financial transactions.
01:40Iran was separated from SWIFT in 2012, a step that was seen as a role in bringing Tehran to the table in 2015.
01:49In 2018, the Trump administration again imposed oil and financial restrictions on Iran and removed it from SWIFT.
01:57In the 2023 BRICS Summit in Johannesburg, Brazilian President Luiz Inácio Lula da Silva said
02:06that a new BRICS currency will increase our payment options and reduce problems with their weaknesses.
02:14After that, in October 2024, in the BRICS Summit in Kazan, Russian President Vladimir Putin said
02:21that the dollar is being used as a weapon.
02:24Now the question is, does India also want to reduce its dependence on the dollar?
02:29The answer is yes.
02:31In fact, after restrictions were imposed on Russia during the Ukraine war,
02:35the US tried to reduce its dependence on the dollar and internationalize Indian rupee.
02:42For this, the Indian Reserve Bank, i.e. RBI, gave permission for international business in Indian rupee in 2022.
02:51In the Kazan BRICS Summit, Prime Minister Narendra Modi said
02:55that BRICS welcomes attempts to increase financial integration between countries
03:00and will strengthen our financial cooperation through trade and smooth border crossings in local currencies.
03:07In November 2024, Foreign Minister S.J. Shankar said in a meeting between India and Russia in Mumbai
03:14that trade compromise in national currencies is very important in the current situation.
03:19The CEO of the Federation of Indian Export Organization, Ajay Sahay, said in a report
03:25that India will have to ensure that the framework does not side with China's inconsistent form while supporting the local currency.
03:34Sahay said that China is very eager to play a big role in using goods against the US.
03:42India, Brazil and South Africa can easily solve the differences by working with the US and negotiating.
03:52What is your opinion on this news? Give us your opinion in the comment box.
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