China has firmly responded to former U.S. President Donald Trump's proposal to impose 10% tariffs on BRICS-aligned nations, with Foreign Ministry spokesperson Mao Ning calling the mechanism 'a platform for cooperation, not confrontation.' The remarks came during Monday's press briefing in Beijing following Trump's accusations of BRICS promoting 'anti-American' policies.
'The BRICS mechanism advocates openness, inclusiveness, and win-win cooperation. It does not target any country or engage in bloc politics,' Mao stated, emphasizing the group's role in fostering collaboration among emerging economies. BRICS – comprising Brazil, Russia, India, China, and South Africa – represents over 40% of the global population.
Mao reiterated China's consistent stance on trade disputes: 'There are no winners in trade wars. Protectionism ultimately harms everyone.' The comments follow Trump's campaign trail suggestion to penalize countries adopting BRICS-aligned policies, which he claims undermine U.S. interests.
Analysts suggest the exchange highlights growing tensions between Western economic policies and developing nations' push for multilateral cooperation. As BRICS continues expanding its influence – including recent membership expansions – such trade policy debates are expected to shape global economic dynamics through 2024.
Reference(s):
cgtn.com