What’s behind Trump’s threat of 100% tariff on India, other BRICS nations?

On November 30, US President-elect Donald Trump issued this threat on his social media TruthSocial: “The idea that the BRICS Countries are trying to move away from the Dollar, while we standby and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US Dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US Economy.”

India is a founding member of BRICS, and now has nine member states – besides India, there is Brazil, Russia, China, South Africa, Egypt, Ethiopia, Iran & United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining the grouping which now accounts for 35% of the global economy based on purchasing power parity, overtaking the 30% of the G7 developed nations in recent months.