BRICS Response to Trump's Tariff Threats

SOURCE www.breitbart.com
China and Russia, as part of the BRICS economic bloc, reject Donald Trump's tariff threats and push for the use of national currencies in trade. Trump warned against creating a new currency to replace the U.S. dollar, but BRICS countries are not actively planning to do so. South Africa clarifies that BRICS discussions focus on trading in national currencies, not creating a new currency.

Key Points

  • China and Russia reject Trump's tariff threats
  • BRICS not actively planning to create a new currency
  • South Africa clarifies focus on trading in national currencies

Pros

  • Advocates openness, inclusiveness, and win-win cooperation
  • Promotes increased use of national currencies in trade

Cons

  • Disagreement among members on creating an international currency
  • Potential for economic tension and uncertainty