BRICS nations to unite against US trade war

Brazil takes the lead

(BRICS refers to the group of ten emerging economies : Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates)

Brasilia (Brazil) – In response to the additional 50% import tax imposed on Brazil by Donald Trump, Brazil has convened an online meeting of BRICS nations. Brazilian President Luiz Inacio Lula da Silva has called this meeting to discuss measures against trade tariffs as well as the idea of a common trade currency. Lula da Silva said that democracy, commercial respect, and multilateralism are important to them, and warned that the gamble the United States is playing will ultimately prove harmful to itself.

Key points presented by Lula da Silva :

1. Brazil will attempt to resolve the dispute with the United States through the World Trade Organisation and other diplomatic channels. However, there will be no direct talks with Donald Trump.

2. We are committed to the concept of a common trade currency, which would reduce global dependence on the US dollar.

3. We do not seek to harm the dollar; however, we believe BRICS should use a separate currency for trade within the bloc.

Nevertheless, Trump had warned that if BRICS countries create a common trade currency, they would be subjected to a 100% tax.

Editorial Perspectives

As BRICS continues to gain greater global significance compared to the G7 group of developed nations, it has become essential to teach Trump a lesson !

(G7 refers to the group of seven developed countries : Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States)