Former US President Donald Trump has fired a direct warning shot at India. In a fiery post on social media, he said any country that supports the “anti-American policies” of BRICS will face a 10% tariff. This comes amid growing speculation that India might deepen its role in the expanding BRICS coalition.
Trump didn’t stop there. He even threatened a 100% tariff on any BRICS member “if they even think about reducing reliance on the US dollar”.
BRICS has grown from five nations Brazil, Russia, India, China, and South Africa to a powerful ten-member bloc. Egypt, Ethiopia, Iran, and the UAE joined in 2024. Indonesia followed in early 2025.
Together, BRICS now makes up nearly 45% of the world’s population and contributes over 35% of global GDP. That influence is growing and it is clearly rattling Washington.
The US first weaponized the dollar when it cut off Iran and Russia from SWIFT, the global payment system. Since then, Russia and China have begun trading in their own currencies. The BRICS bloc is exploring a shared reserve currency to reduce dollar dominance not replace it.
This move threatens US financial clout, and Trump’s reaction reflects that pressure.
India has taken a firm but neutral stand. Speaking in Washington DC, External Affairs Minister S. Jaishankar clarified that India does not oppose the US dollar.
“We have never targeted the dollar,” he said. “But when our partners can’t use it, we explore practical alternatives. It’s about economic reality, not political hostility.”
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India is trying to maintain its ties with the West while strengthening regional cooperation. Trump’s warning adds pressure, but continues to focus on strategic autonomy and balanced diplomacy.
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