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China's answer to Trump's tariff threat: BRICS against the dollar!
China comments on US tensions for the first time: BRICS, Trump tariff policy and geopolitical consequences in focus.
China's answer to Trump's tariff threat: BRICS against the dollar!
Be careful, excitement! China, a key member of the BRICS alliance, has finally broken its silence on growing tensions with the US. After President Trump's inauguration on Monday, things went from zero to a hundred - literally! Trump united and resolutely threatened a 100% tariff on the BRICS countries. His goal? To stop the de-dollarization measures that are spreading.
The BRICS, the alliance of emerging markets, has been steering against dependence on the US dollar for two years. Instead, they encourage the use of local currencies. The Biden administration tacitly tolerated this, but Trump doesn't give a damn about peace doves. Now China is speaking: According to the Chinese Foreign Ministry, the BRICS stands for cooperation, not confrontation, “to realize shared growth and prosperity,” they emphasized in a recent report at watcher.guru.
Interesting: India's foreign minister recently emphasized that his country has no interest in weakening the dollar. “The United States is our largest trading partner,” he stated clearly. This could become a crucial factor in global economic policy in the coming months as tensions rise. Ears pricked up, the show has just begun!