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BRICS member India hit back at Trump for dictating with whom they must conduct business and cross-border transactions. India’s Foreign Minister S. Jaishankar dismissed the West’s BRICS vs. Quad narrative, citing that both alliances are different. Many commentators in the West hit out at India, citing that the country is procuring oil from Russia despite being a part of the Quad. For the uninitiated, Quad is an alliance comprising four countries: India, Japan, Australia, and the US. The group was formed in 2007 by Japanese Prime Minister Shinzo Abe to hold talks among member nations. Also Read: Wall Street Reacts To BRICS Currency During a talk at The Economic Times World Leaders Forum (WLF), S Jaishankar said that BRICS and Quad are separate. The two cannot be interlinked as the ideologies are different, and business deals and policies are non-identical. “Quad is still the Quad, and BRICS is still BRICS, and countries like India should not be forced to make binary choi...

BRICS was a raging bull when Joe Biden was in the White House and threatened to uproot the US dollar. They even rewrote trade deals, abandoning the US dollar and using local currencies for payment settlements. If that wasn’t enough, the alliance made it clear that they are working on the formation of a new currency. De-dollarization was buzzing in the developing world, citing development as the only opportunity to capture power from the West. Also Read: China Settles $855 Billion Worth of Deals With BRICS Countries in 2025 All it took was a threat from President Donald Trump to impose tariffs, and the mighty BRICS folded under pressure. Trump’s policies were quick, and world leaders realized that he’s not playing around either. The tariffs not only came down hard but also rattled their plans, causing a rift within the alliance. It cut apart their ideology in half, where Russia, China, and Iran are on one side, and India, South Africa, and the UAE are on the other side....