The Kremlin on Friday responded to a repeated threat by US President Donald Trump to impose tariffs on the BRICS countries if they were to establish their own currency, clarifying that there are no such plans in place.
On Thursday, Trump warned BRICS nations against replacing the US dollar as the global reserve currency, reiterating a threat he had made shortly after his victory in the November presidential elections to impose tariffs of up to 100%.
However, Kremlin spokesman Dmitry Peskov stated that BRICS, of which Russia is a member, is not discussing the creation of its own currency, but is instead focused on developing joint investment platforms.
Peskov also suggested that US experts should provide President Trump with more detailed briefings on BRICS' current initiatives.
Read next
21:00
China
China on Tuesday expanded its retaliatory measures against the United States by imposing new export and investment restrictions on 25 U.S. firms on national security grounds, while also implementing additional tariffs. The move comes amid escalating trade tensions between the two countries.
19:00
China
China on Tuesday suspended soybean import qualifications from three U.S. exporters and halted imports of U.S. lumber, intensifying its retaliatory measures amid escalating trade tensions.
18:11
China
In a retaliatory move against new U.S. tariffs, China’s Commerce Ministry announced Tuesday that it will impose additional tariffs of up to 15% on key U.S. agricultural products, while also expanding controls on business activities with major U.S. companies.
18:07
Mexico
In response to the 25% tariffs recently imposed by the United States, President Claudia Sheinbaum announced Tuesday that Mexico will implement its own retaliatory tariffs on U.S. goods.
17:00
TSMC
In a joint announcement at the White House on Monday, Taiwan Semiconductor Manufacturing Company (TSMC) and President Donald Trump revealed plans for a $100 billion investment to build five new semiconductor facilities in the United States.
What is your opinion on this topic?
Leave the first comment