
US President Donald Trump threatened on Friday that if the group tried to get away from the dollar in international trade, threatened to impose 100 % taxes against the BRICS countries. Congress MP Shashi Tharoor then considered it a seemingly ’empty’ threat because there was no such plan.
“I don’t think there is a special plan to do so. And therefore, the threat of the president seems to be slightly empty because it is only when a original proposal comes out and that countries like India are moving seriously. I do not see any cooperation in the Indian government for such a suggestion. So, unless it happens, why should we worry, “he said.
Tharoor noted that there was a “debate” on the issue with local examples. The Congress lawmaker also said that the dollar remains a “practical facility” for most countries.
What is BRICS and does it want a new currency?
The BRICS is an inter -government organization that includes 10 countries, including India. Other member states are Russia, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Trump has repeatedly threatened that he will impose taxes against the grouping and has been warned against de -dollar.
In recent years, some member states – especially in Russia and China – have been seen looking for an alternative to the new currency of the US dollar or BRICS. Foreign Minister Jaishankar is against the move in December that there is no such proposal.
What did Donald Trump say?
“The idea that the BRICS countries are trying to get away from the dollar, while we stand and see, is over. We will need a pledge from these seemingly discouraged countries that they will neither create a new BRICS currency, nor return to any other currency to replace a powerful US dollar or they will face 100 % taxes. , And they should expect to say goodbye. Selling in amazing American economy. They can find another fish nation, “Trump insisted in a social media post.
Hard words were made through the social platform of his truth. He also assured that “there is no possibility that the BRICS will replace the US dollar in international trade.” Any country that tried such a move insisted, soon “greeting the prices, and saying goodbye to the United States”!
(With the inputs of agencies)