New Delhi's core demand: build alternatives that are interoperable and don't just replace the US dollar with another hegemon

US President Donald Trump has proposed a 10 per cent tariff on all BRICS nations for conducting trade in non-dollar currencies, overlooking that such moves were prompted by Washington's own economic and geopolitical actions,

GTRI reports US economic actions are pushing countries towards dollar alternatives for trade, highlighting the shift in global payments and the implications for BRICS nations.

The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions,

President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

Prime Miniter Narendra Modi on Monday aid India would redefine the BRICS grouping under it upcoming chairmanhip by focuing on Building Reilience and Innovation for Cooperation and Sutainability. Addreing the BRICS Summit in Brazil,

Lauds Brazil’s leadership, pledges India's support for climate & health at BRICS Stresses role of traditional medicine, digital health in global wellness push

PM Modi pledges people-centric, climate-driven BRICS 2026 presidency, focusing on resilience, health, and sustainability. India to lead with “Humanity First” vision.

Trump accused the BRICS alliance of trying to undermine the US dollar's global dominance, threatening consequences, including 10 per cent tariff on India. He asserted the dollar's importance and vowed to maintain its status.