Brazilian President Lula da Silva issued criticism of Donald Trump's threats regarding new tariffs affecting BRICS countries.
Critique of Tariff Threats
Lula da Silva condemned former U.S. President Donald Trump's threat of additional tariffs for BRICS countries. He stated, "The world has changed. We don’t want an emperor." According to him, BRICS countries are aiming for autonomy in international trade, steering clear of U.S. dominance.
Reducing Dependence on the Dollar
Lula called for a gradual reduction of dependence on the dollar in trade relations. He noted that countries must work toward finding new methods of economic interaction that would diminish the dollar's role. Any changes need to be coordinated through discussions among central banks.
International Reactions to the Situation
BRICS leaders expressed confidence that they could establish mutually beneficial cooperation with other nations. A spokesperson for China's Foreign Ministry emphasized that tariffs should not be used as a coercive tool. Russia also supported the view that cooperation within BRICS is not directed against third countries.
Overall, the BRICS conference demonstrated the participants' commitment to economic independence and multilateral cooperation despite pressure from the U.S.
