China Slams Trump’s Threat To Brics Nations, Brics Group Expands To Include Egypt, Ethiopia, Indonesia, Iran, UAE

Beijing : China on Monday strongly opposed to US President Doanld Trump’s 10% tariff threats and said it is being used as a tool of coercion to pressure other countries. Mao Ning, spokesperson for the Chinese foreign ministry, said at a regular press conference that the use of tariffs benefits no one. Trump threatened to impose an additional 10 per cent tariff on countries aligning themselves with the “anti-American” policies of the BRICS grouping.
Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10 per cent Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!” Trump said in a post on Truth Social on Sunday night. Trump also said in a separate post that the US will send out “letters” on tariffs and deals to various countries beginning Monday. I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 PM (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J TRUMP, President of The United States of America, he said.
Xi has called on his top officials to stay composed. The Chinese leader hasn’t spoken with Trump since his inauguration, even though the US president said he expected a call with him this month. Both Beijing and Washington appear keen to prevent a breakdown in their relationship. Chinese Vice Premier He Lifeng spoke with Treasury Secretary Scott Bessent last week — the second high-level contact since Trump took office — while China’s Defense Ministry said Thursday talks with the US military are in the works. Beijing responded to the last round of levies just seconds after they kicked in, with measures including additional tariffs, an antitrust investigation into Google, tightened export controls on critical minerals, and the addition of two US companies to a blacklist of unreliable entities.
Short of a last-minute deal, China could retaliate next week using those same tools and potentially reimposing some tariffs from the last trade war. Since 2020, China’s government has been suspending various tariffs it imposed on US imports, and those waivers all expire Friday. Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group Ltd, expects the additional levy to have only marginal impact on GDP growth. However, what China does to offset this potential damage could actually help the economy, he said.
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