Days after US President Donald Trump claimed he would impose 100% tariffs on BRICS if member countries tried to reduce the use of the dollar in trade, China on Thursday said BRICS does not support bloc rivalry. It said it was not targeting any third countries.
India has already said it is “not interested” in a weaker dollar. In his speech at the Doha Forum in December last year, External Affairs Minister S. Jaishankar said that India never wanted to “de-dollarize” and that there was no proposal to hold a BRICS currency at this point. He said no.
“The United States is our biggest trading partner. We have no interest in a weak dollar,” he said.
“As an important platform for cooperation between emerging market and developing countries, BRICS advocates openness, inclusiveness and win-win cooperation rather than bloc rivalry,” Chinese Ministry of Foreign Affairs (Ministry of Foreign Affairs) spokesperson said today. “We are not targeting any third countries.” The aim is to achieve common development and prosperity. ”
China stands ready to continue working with BRICS partners to deepen practical cooperation in various fields and further contribute to the steady growth of the global economy, he added.
On January 20th of this year, US President Trump announced his intention to impose 100% import tariffs on BRICS (Brazil, Russia, India, China, and South Africa) countries if they take measures to reduce the use of the dollar worldwide. expressed. trade.
President Trump had said he would impose 100% tariffs on BRICS countries “if they even considered” reducing the use of the dollar in global trade.
BRICS is an intergovernmental organization founded in 2011 and includes Brazil, Russia, India, China, and South Africa. On January 1, 2024, Egypt, Iran, UAE, Saudi Arabia, and Ethiopia also joined the group.
This platform discusses political, security, economic, financial and cultural issues. It is considered the equivalent of the G7 bloc of the world’s largest economies. BRICS countries have been a major driver of global economic growth.
