BRICS is not interested in weakening US dollar - Indian Foreign Minister
Indian Foreign Minister Subrahmanyam Jaishankar (photo: Getty Images)
Recently elected US President Donald Trump has threatened to impose tariffs if the BRICS creates a new currency. However, the countries of the organization are not at all interested in weakening the dollar, says Indian Foreign Minister Subrahmanyam Jaishankar.
His remarks came a week after US President-elect Donald Trump demanded that the BRICS countries - which include such major emerging economies as India, Russia, and China - commit not to create a new currency or support another currency that would replace the dollar and be subject to a 100% duty.
Trump's recent announcement that he intends to impose tariffs on goods coming from Mexico, Canada, and China has stirred up global financial markets.
Read more about how the newly elected US president plans to increase tariffs on imports of foreign goods to America, as well as why this could lead to trade wars with China and Europe, in the RBC-Ukraine article.
