China defends Brics against Trump's tariff threats: A call for cooperation

China defended Brics, asserting it's a cooperative platform, not a confrontational bloc targeting any nation, in response to Trump's tariff threats. The Kremlin echoed this, emphasizing Brics' focus on shared interests and cooperation, explicitly ...

Agencies
China on Monday said Brics is not a bloc for confrontation and does not target any third country, as it reacted guardedly to US President Donald Trump's additional 10% tariffs on the group and supporting nations.

Brics is an important platform for cooperation among emerging markets and developing countries, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here. "It advocates openness, inclusiveness and win-win cooperation. It is not a bloc for confrontation. Nor does it target any country," Mao said.

Mao was responding to a question on Trump's threat to impose additional 10% tariffs on countries aligning themselves with the Brics countries.


Referring to Trump's tariff hike threats, she said: "Trade war and tariff war have no winners," she said. Ning also said that it opposes tariffs being used as a tool to coerce others. The use of tariffs serves no one, she said.

Not Working to Undermine Other Nations: Kremlin

Meanwhile, the Kremlin said on Monday that the Brics group of nations had never been working to undermine other countries. "We have seen such statements by Trump, but it is important to note here that the uniqueness of Brics is that it is a group of countries that share common approaches and a common world view on cooperation based on their own interests,: said Peskov. "And this cooperation has never been and will never be directed against any third countries."
ADVERTISEMENT

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › China defends Brics against Trump's tariff threats: A call for cooperation
Text Size:AAA
Success
This article has been saved

*

+