{"id":23025,"date":"2026-09-11T16:20:33","date_gmt":"2026-09-11T16:20:33","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=23025"},"modified":"2026-09-11T16:20:33","modified_gmt":"2026-09-11T16:20:33","slug":"trumps-deepest-darkest-china-gets-a-brics-sequel-with-irans-cameo-as-india-walks-tightrope-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=23025","title":{"rendered":"Trump\u2019s \u2018deepest, darkest China\u2019 gets a Brics sequel with Iran’s cameo as India walks tightrope | India News"},"content":{"rendered":"


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\"Trump\u2019s<\/div>\n<\/div>\n<\/div>\n
PM Modi, Pezeshkian & Putin at Brics Summit 2026 (left); PM Modi, Xi and Putin at SCO summit in 2025 (right)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

What could be a fresh diplomatic headache for Donald Trump? A picture of Prime Minister Narendra Modi holding hands with Iranian President Masoud Pezeshkian, with Russian President Vladimir Putin standing alongside them at the Brics Summit<\/a>, has brought together three countries whose ties with Washington range from strategic competition to open confrontation.The image also echoes a remark Trump made last year after PM Modi, Putin and Chinese President Xi Jinping were pictured together at the Shanghai Cooperation Organisation summit. \u201cLooks like we\u2019ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!\u201d Trump had said.This time, Iran, one of Washington\u2019s most adversarial rivals, has joined the picture, adding another layer to the geopolitical message from a grouping that Trump has repeatedly viewed with suspicion. The US president has not yet commented on the Brics summit.<\/p>\n

Trump pressure on Brics<\/h3>\n<\/p>\n

US President Donald Trump has repeatedly warned Brics against challenging the dominance of the US dollar, putting the grouping\u2019s push for greater use of local currencies at the centre of tensions with Washington. In November 2024, Trump threatened 100% tariffs on Brics countries if they backed another currency to replace the dollar.\u201cWe 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,\u201d Trump said in a post on Truth Social.Trump has also dismissed the prospect of Brics replacing the dollar in global trade, saying there was \u201cno chance\u201d of that happening and warning that countries attempting to do so should \u201cwave goodbye to America\u201d.The issue remains central to Brics\u2019 economic agenda, although the grouping has increasingly focused on making trade and payments in national currencies easier rather than creating a common currency. Iranian President Masoud Pezeshkian, speaking at the Brics Business Forum, called for greater use of national currencies among members, along with mechanisms to manage currency risks and facilitate reciprocal settlements.\u201cOne of the most important steps is to expand the use of national currencies in trade among the members. This step must be accompanied by the establishment of the necessary instruments for managing currency risks and reciprocal settlements,\u201d Pezeshkian said.He also argued that the existing financial system was vulnerable because of its concentration around a limited number of currencies and called for the New Development Bank to play a bigger role in financing infrastructure and energy projects through local currencies and other mechanisms.Putin, meanwhile, did not directly mention replacing the dollar at this year\u2019s forum. Instead, he described a broader shift in the global economic order, with emerging economies becoming increasingly important.\u201cRight now, the world is undergoing structural, deep, profound shifts. It is explained by the fact that the so-called old leaders which used to be the vanguard of economic growth in the second half of the 20th century, are being replaced by new engines of growth. When I say old, this is just a formality – all of us understand what we are talking about,\u201d he said.For Washington, the concern is not simply whether Brics creates a new currency, but whether a larger share of global trade and financial transactions gradually moves away from the dollar.<\/p>\n

India walks a tight rope<\/h3>\n<\/p>\n

For India, the Brics summit comes at a sensitive point in its economic relationship with the US. The India-US trade deal is \u201cmore or less\u201d finalised, with the two sides working on a framework for preferential market access before signing it at an appropriate time. A few issues remain under discussion.The talks come as Trump continues to step up pressure on India over its purchase of Russian oil. In 2025, he had warned of further tariff action and later imposed 50% tariffs on Indian goods, adding to the economic stakes for New Delhi as it seeks to deepen trade with the US.<\/p>\n

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