Trump threat! India bends: no departure from the US dollar!

Trump threat! India bends: no departure from the US dollar!

India, Asia - Brics stands on the abyss of an unexpected drama! With a bold threat, the future US President Donald Trump shook the economic world by announcing unprecedented 100% tariffs to the BRICS group countries who try to avoid the US dollar. Trump said in an explosive statement: "You will be able to expect 100% tariffs and live well for sale to the wonderful US economy." These words were dramatically firing the tensions between the global economic blocks.

India, a member of the Brics group and close ally of the United States, then draws the emergency brake in the delicate de-dollarization. In response to Trump's threatening announcement, the governor of the Reserve Bank of India, Shaktikanta emphasized that the country will hold on to the US dollar. With clear words, this underlined that "nobody talks about de-dollarization or thinks of it". In a conversation with Bloomberg, he ultimately made it clear that no decision was made to give up the US dollar.

India withdraws - a clever move?

India's swivel away from the de-dollarization agenda is a small political earthquake in the BRICS group. Despite the ongoing tensions, this underlined that the economic security of the country has top priority. "We want to defuse all the tensions in order to keep the country economically secure," he said. Because dependence on a single currency brings risks through their exchange rate fluctuations. Meanwhile, India maintains the goal of depriving trading in the long term in order to act stable on the global market.

While Trump's threat is echoes like a thunderbill in the international political landscape, India's step sees itself as a tactical adaptation to withstand the impending economic waves. But the question remains: Will other Brics countries also move to retreat? The global financial scene is preparing for drastic developments, while everyone is looking forward to the next steps of the Power Player.