China on Monday responded to US President Donald Trump threatening to impose an additional 10 percent tariff on the BRICS nations supporting the “anti -America” policies of the “anti -America” policies of the BRICS nations, defending the block and reiterating the protest against the tariff pressure of Beijing.
“We believe that the BRICS has a positive power in the international community. Its cooperation is open and inclusive, and is not targeted in a particular country,” the spokesman said.
He said, “For tariffs, we have consistently opposed tariff wars and business wars. We use tariffs as a tool for force and pressure. Arbitrarily implementing tariffs does not serve any party interests,” he said.
In a true social post on Sunday, Trump said that the United States “will implement an additional 10 percent tariff with” no exception “on any country that aligns any country with anti -American policies of BRICS, although she did not specify which policies she was referring to. According to CNN, as an announcement, the administration prepared a tariff letter to dozens of countries starting on Monday, which was a major time before the July 9.
BRICS Group-Completeing Founder members Brazil, Russia, India, China and South Africa have been deployed for a collectively deployed for a collectively deployed, reflecting the current economic realities and renovating global power to promote a multi-polar world system unlike the West-Left system. The block recently expanded its membership to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates, while maintaining partnerships with ten additional countries including Belarus, Nigeria, Thailand and Vietnam. It is not clear whether Saudi Arabia has accepted invitations to join group.
Trump’s announcement time coincides with the BRICS summit organized by Brazil, where member countries on Sunday issued a joint announcement, expressing “serious concerns” about “unilateral tariffs and emergence of non-tariff measures”, a message that was seen as a veil critic of the business policy of Trump administration, stated by CNN.
While some BRICS nations, including India, have been directly in trade talks with the US, CNN said it is uncertain whether Trump’s latest tariff warning would disrupt those dialogues or lead to further increase in business tension.
Earlier this year, Trump warned of a potential “100% tariff”, which he seems to “seem to be hostile” members of the BRICS support the idea of a common currency. The proposal introduced by Brazilian President Luiz Eneasio Lula da Silva in 2023-first has not focused a central focus to the block, instead instead the emphasis on strengthening the border trade in local currencies.
Between this background, CNN reported that economists have warned that the huge tariff approaches of the Trump administration – especially target Chinese imports – may be the result of high cost for American consumers. Major retailers such as Walmart have already indicated that they may be forced to increase prices despite pushbacks from President Trump. (AI)