President Donald Trump said he will impose a 10% duty on imports from all BRICS members, arguing the expanded bloc was created "to hurt us" and to undermine the U.S. dollar’s reserve status. He warned that any erosion of the currency’s role would be comparable to “losing a major world war.” The threat comes as Washington and New Delhi struggle to conclude a bilateral trade pact. Negotiations have slowed because India is unwilling to cut protective tariffs on automobiles until its Production-Linked Incentive scheme ends and wants safeguards for its agriculture and dairy sectors. U.S. officials, meanwhile, are reluctant to ease existing duties on Indian steel. Talks have therefore narrowed to trade in goods, and people familiar with the discussions do not expect early relief on the metals levies. Trump’s blanket duty on BRICS countries—of which India is a founding member—risks further complicating the negotiations and could force New Delhi to weigh the costs of remaining in the grouping against securing better access to the American market.