<ul data-eligibleForWebStory="false"><li>President Donald Trump threatened to impose new tariffs on India in response to its participation in the Brics forum, complicating New Delhi's efforts to secure a favorable trade deal with the US.</li><li>Trump suggested India could face an additional 10% tariff along with other Brics members, criticizing the bloc as "Anti-American," just as New Delhi was close to finalizing a trade deal to reduce existing tariffs.</li><li>India, while not publicly responding to Trump's latest threats, aims to maintain its relationship with the US by clarifying it does not support moves towards a single Brics currency and participates in local currency trade arrangements to reduce risks.</li><li>As India prepares to assume the Brics chairmanship in 2026, it seeks to differentiate itself from other members pushing for an alternative reserve currency, banking on its strategic value and neutral currency stance to sway Washington's perception.</li></ul>

Trump’s Brics warning to India adds new twist to trade deal

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