India is treading carefully as it works to finalize a new trade agreement with the United States, all while President Donald Trump increases pressure on BRICS nations, accusing the bloc of trying to undermine the U.S. dollar. As the only BRICS member still negotiating a major bilateral deal with Washington, New Delhi is playing a delicate diplomatic game. BRICS Tariff Threat President Trump recently announced plans to impose a 10% tariff on all BRICS countries—Brazil, Russia, India, China, and South Africa—arguing that the group’s efforts to “de-dollarize” global trade pose a threat to American economic stability. However, India has attempted to distance itself from any perception of anti-U.S. intent. “We are part of BRICS, but India has not endorsed any...