“Go find another sucker”: Trump’s message to BRICS members, which includes India | World News

Donald Trump, the next president of the United States, said on Saturday that if the BRICS countries could not commit to neither creating their own new currency nor supporting another currency, they could “find another sucker.” to replace the powerful.” US dollars”.

Founded in 2009, BRICS is an intergovernmental organization consisting of nine countries – Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates – and was originally created to identify investment opportunities.

BRICS is the only major international group that does not include the United States. In recent years, some of its member countries, with the exception of India and especially Russia and China, have been looking for an alternative to the US dollar or creating their own BRICS currency.

The president-elect warned the BRICS countries against replacing the US dollar and sought a commitment from the nine-member group.

“The idea that the BRICS countries are trying to move away from the dollar while we watch is OVER,” the president-elect said in a post on microblogging platform X.

“We require these countries to commit to neither creating a new BRICS currency nor supporting any other currency to replace the powerful US dollar, otherwise they will face 100 percent tariffs and should expect to withdraw from sales to say goodbye to the wonderful US economy,” Trump warned.

“You can find another ‘sucker!'” “There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should say goodbye to America,” Trump wrote .

At the 2023 summit in South Africa, the BRICS countries committed to studying the feasibility of a new common currency, with Brazilian President Luiz Inacio Lula de Silva putting forward a proposal.

India against de-dollarization

India, a key pillar of BRICS, has said it is against dedollarization.

“… ask about de-dollarization as a possibility for the world. India has at times expressed interest in an alternative currency. It can serve as a backup mechanism. I’m wondering how you view what you see as the role of the currency at the moment, the dollar and these discussions about your national policy? India’s Foreign Minister S. Jaishankar had said during his appearance at the Carnegie Endowment for International Peace in October this year.

“I think you are confusing us with someone else because we have never actively targeted the dollar. This is not part of our economic policy, nor our political or strategic policy. Some others may have done so,” news agency PTI quoted Jaishankar as saying.

“What I am about to tell you is a natural concern there. We often have trading partners who don’t have dollars to take with them. Now we have to consider whether we should avoid doing business with them or find a solution that works differently. So I can’t say it’s a malicious intent towards the dollar in business. “We’re trying to do our business,” he said.

“Sometimes you make it difficult to use dollars. We have some trading partners that your policies make trading in dollars difficult with. Of course we have to look for workarounds. But for us, when we talked about rebalancing, we talked about several, obviously all of this will also impact currencies and economic needs,” Jaishankar said.