Trump's BRICS Exit Claims Backfire: India Set To Lead BRICS Expansion In 2025

Despite US President Donald Trump's claims of nations exiting BRICS, countries with India as President of this inter-governmental organisation are lining up to join it.

Trump painted BRICS as an enemy of the dollar saying, "BRICS was an attack on the dollar and I said, you want to play that game, I'm going to put tariffs on all of your products coming into the US. They said, like I said, we're dropping out of BRICS...They don't even talk about it anymore..."

Trump's statement seem to be a direct contradiction of facts being BRICS constitutes of 55 per cent of the global population and 46 per cent of GDP.

Further, he said, "I told anybody who wants to be in BRICS, that's fine, but we're going to put tariffs on your nation. Everybody dropped out. They're all dropping out of BRICS."

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On the other hand, the BRICS grouping, originally comprising Brazil, Russia, India, China, and South Africa, has recently expanded to include new members. Seen as a key group representing emerging economies, the bloc has expanded to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates in recent years.

Further, he said, "I told anybody who wants to be in BRICS, that's fine, but we're going to put tariffs on your nation. Everybody dropped out. They're all dropping out of BRICS."

Earlier, Trump has dubbed BRICS as a coalition of nations working against American interests.

However, Jaishankar has earlier stated, "Regarding the role of the dollar, we are realistic. We have no issue with the dollar, and our relations with the US are at their best. We have no interest in undermining the dollar."

Trump's De-dollarisation Spat With BRICS

Brazilian President Luiz Inacio Lula da Silva had floated the idea of a BRICS currency as a means of reducing the group's dependency to dollar exchange rate fluctuations back in 2023, during a summit in Johannesburg.

This BRICS-linked dollarisation attempt has irked Trump since before he won the race to the White House last year. From the beginning, the US President was warning of imposing 100 per cent tariffs on BRICS member countries if they considered replacing the dollar as a reserve currency.