There are no winners in tariff and trade wars, only the interests of the peoples of all countries will suffer, said the official representative of the Chinese Foreign Ministry, Guo Jiakun, at a briefing on Monday.
Earlier, US President Donald Trump said that the BRICS alliance was allegedly “dead” after his threats to introduce tariffs against the association of states if they implement their plans for an alternative currency to the US dollar.
“As for the issue of the US introducing additional tariffs, China has repeatedly explained its position: there are no winners in trade or tariff wars, only the common interests of the peoples of all countries will suffer,” Guo Jiakun said.
Earlier, it was reported that the BRICS countries discussed the possibility of expanding settlements in national currencies and creating a common currency within the bloc, but no final decisions were made on this issue.
BRICS is an interstate association created in 2006. In addition to Russia, Brazil, India, China and South Africa, Egypt, Ethiopia, Iran, the UAE and Saudi Arabia have joined the group since the beginning of 2024. Russia has held the presidency of the organization since January 1.