BRICS: US Watches Closely as Modi Heads to Summit, Challenging G-7
Prime Minister Narendra Modi’s attendance at the upcoming BRICS summit in Rio de Janeiro next month is causing significant concern in Washington right now. The Trump administration views this development with alarm, particularly as BRICS currency discussions and de-dollarization efforts threaten US financial dominance. India-US tensions are escalating over New Delhi’s participation, and officials are warning that such moves could reshape BRICS trade relationships and also challenge G-7 authority in global economic affairs. Also Read: Morgan Stanley Predicts US Dollar Drop to Pandemic Lows India’s BRICS Push Sparks US Alarm Over De-Dollarization, Ties Source: BSMedia Trump Administration Views Modi’s BRICS Participation as Direct Challenge US Commerce Secretary Howard Lutnick made clear American displeasure at the USISPF industry forum on Tuesday, and he revealed that Modi’s BRICS summit participation has created friction between the allies. At the time of w...