Trump’s 100% tariff threat on BRICS depends on whether U.S. laws would permit it, says ex-RBI governor

“In theory, a BRICS common currency would shield the bloc from the perils of dollar hegemony. In practice, that project will remain a non-starter because of both politics and economics,” said Duvvuri Subbarao.

​“In theory, a BRICS common currency would shield the bloc from the perils of dollar hegemony. In practice, that project will remain a non-starter because of both politics and economics,” said Duvvuri Subbarao.