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Home > All news > Economy, Trade > Washington’s own playbook is fuelling the global pivot from dollar, says GTRI
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Washington’s own playbook is fuelling the global pivot from dollar, says GTRI

July 11, 2025
Reading Time: 2 minutes
Donald Trump warns about 100% Tariff on BRICS Nations

New Delhi - The Global Trade Research Initiative (GTRI) on Friday criticised US President Donald Trump’s call for a 10% tariff on BRICS countries trading in non-dollar currencies, arguing that it was Washington’s own economic and geopolitical choices that triggered the shift away from the dollar in the first place, reported PTI.

BRICS now includes India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, the UAE, Ethiopia, Indonesia and Iran.

The think tank pointed out that sweeping US sanctions and the exclusion of countries like Russia, Iran, and Venezuela . . .

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