
Jul 07, 2025, 17:39
(Global Times) A spokesperson for the Chinese Foreign Ministry (FM) on Monday stressed that BRICS focuses on openness and win-win cooperation and does not target any country, in response to a media question about US President Donald Trump's threat to impose an additional 10 percent tariff on BRICS countries for what he claimed to be "anti-American policies."
In social media post on Monday, Trump said that "any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy," according to CNBC.
Asked to comment on the US president's claim and threat at a press briefing, Mao Ning, the FM spokesperson, said that the BRICS mechanism is an important platform for cooperation among emerging markets and developing countries; it advocates openness, inclusiveness, and win-win cooperation, and does not target any country.
Regarding the imposition of tariffs, China has repeatedly clarified its position that there are no winners in trade wars and tariff wars, and that protectionism leads nowhere, Mao said.
When further asked what China will do if the US moves to impose additional tariffs on China, Mao said that "as for tariffs, we have always opposed tariff wars and trade wars, and opposed using tariffs as a tool of coercion and pressure. Imposing tariffs arbitrarily is not in the interests of any party."
The US' latest tariff threat shows its continued reliance on the belief that tariffs are an all-powerful tool, an approach that has been widely criticized for its potential to disrupt global economic cooperation, said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.
"Such protectionist policies are not only counterproductive but also contradict the global trend of economic integration," Zhou told the Global Times on Monday.
The 17th BRICS Summit held in Rio de Janeiro, Brazil from July 6 to 7 adopted the Rio de Janeiro Declaration, which stated that "we reject unilateral, punitive and discriminatory protectionist measures, that are not in line with international law… We also oppose unilateral protectionist measures, which deliberately disrupt the global supply and production chains and distort competition."
The declaration also voiced "serious concerns about the rise of unilateral tariff and non-tariff measures that distort trade and violate WTO rules," warning that the "proliferation of trade-restrictive actions" threatens to disrupt the global economy and worsen the existing economic disparities.
Zhou said that the BRICS cooperation framework, built on shared interests and mutual respect, aims to promote inclusive and sustainable development. It has attracted growing interest from other developing nations, which see it as a platform to contribute to and benefit from global economic growth.
"The US appears to see the growing cooperation among BRICS countries as a threat to its dominance," Zhou said. "However, the BRICS mechanism is fundamentally about fostering cooperation among developing nations, especially major emerging market economies, to achieve mutual development and prosperity. It is not an exclusive bloc targeting any specific country."
The US Court of International Trade ruled on May 28 that the vast majority of Trump’s levies were issued illegally under IEEPA and ordered them blocked. A day later, an appeals court gave the administration a temporary reprieve from the ruling and decided that the tariffs can remain in place until it hears the case, scheduling the arguments for July 31.
- Trump Issues New Tariff Rates, Still Open to Negotiations
The WTO ruled that the illegal tariff war under war criminal, The Donald 1.0, was illegal too. But then it's not as though it isn't not anything other than bleedin' obvious.
War criminal, The Donald, has chickened-out again, postponing the deadline from 9Jul to 1Aug.
And he's not the only one:
You can raise the debt ceiling in Washington, but somebody must sell Treasury debt to an investor. This is one reason that Secretary Bessent has suddenly stopped talking about issuing more long-bonds. Now apparently he wants to follow his predecessor, Janet Yellen in issuing T-bills to finance the federal debt. Issuing mostly T-bills to finance new and existing debt is the last resort before the US will be forced into a default or outright restructuring. But of course, nobody is talking about that this week in Washington.
- Chairman Powell's FOMC is Very Late
As Powell has said fixing the Great Satan's financial problems is best done sooner rather than later. This is in addition to him pointing out the obvious, which is that having debt accelerate faster than GDP is unsustainable.
The illegal tariff war marks the end of dollar hegemony, but it's a lame-assed way to do it. It's obvious that a lot of the financial problems of "the West" are caused by the jew-confetti which they started both World wars to impose on the planet and which leaves the Great Satan and poodle bankrupt, insolvent and so desperate that they're robbing their own sheeple on the highways in the most ridiculous farce in all of history. The sheeple are debt-slaves who borrow to consume, meaning the salaries they need are uncompetitive.
The poodle state has now overtaken China for the number of millionaires leaving. Even then they're only leaving China because so many new millionaires are minted there, whereas in Poodleville, it's non-dom millionaires:
“We love England. We feel very much at home here,” she said. “We want to pay fair tax as members of society. But the biggest pain point was inheritance tax … it is not just ours, but my grandfather’s and my parents’ wealth that would now be taxed by the UK. That feels deeply unfair as the money was not made here.
- Flight of the non-doms: how worried should Labour be about the super-rich leaving the UK?
AND that follows a rebellion when they tried to cut benefits for the handicapped.
And here's yet more Anglo/Jew gangster sad, little bastardry:
Malaysia’s Investment, Trade, and Industry Minister, Tengku Zafrul Aziz, was quoted by the Financial Times on March 23 as saying that the US had asked the Malaysian government to monitor every shipment of Nvidia chips that comes to Malaysia.
- US plans to tighten AI chip export rules for Malaysia, Thailand
Jewish socialism is just a Jim Crow pig with lipstick and where Ayn Rand had to complain about it, pointing out the obvious in "Atlas Shrugged". Calling themselves, "god's chosen people" and the land they thieved, "the indispensible nation", is the same as telling little Ralph Wiggam in the Simpsons cartoon, that he's "special".
As well as the Chinese Exclusion Act we now have the Wolf Amendment and China Initiative to add to the list of sad, little bastardry. Whilst Marshall Auerbach admitted Gina Raimondo's campaign of dirty tricks was "capitulation", max. Kiester called it the "Tonya Harding approach". Raimondo admitted it wasn't working anyway as she left office. War criminal, Rex Tillerson, simply asked other nations not to trade with China, whilst the Anglo/Jew propaganda smears China with accusations of IP theft and claims that Huawei's technology isn't secure even as the NSA demanded Huawei install a backdoor but were refused. And both the Great Satan and poodle admit that with their cheating they're breeding themselves dumber and dumberer and as depicted in the movie, "Idiocracy".
They cheat wholesale at the Olympics too as we know from Paul Hamm's performance at the Athens Olympics and Kathryn Reuter at the Montreal Winter Olympics.
Just as they've banned protests against genocide such as Palestine Action, and persecuted Julian Assange and Chelsea Manning for exposing their crimes, they're going after anyone not complying with their illegal sanctions:
The defendants, including two Singaporeans and a Chinese national, were accused of shipping servers containing Nvidia chips to Malaysia and potentially to other locations. If convicted, they could face penalties of jail terms of up to 20 years or fines or both.
The McCarthy witch-hunts was where they accused one person of the non-crime of being a Communist but then offered to free them if they implicated another.
The Great Satan and poodle also had ACTUAL witch-hunts whereby victims were given trial by ordeal such as throwing them into a lake and if they survived they were deemed guilty and burnt at the stake.
After five centuries of the poodle empire of plundering, John Maynard Keynes marvelled at how he could acquire produce from all around the World.
Then they started both World wars to impose jew-confetti on the planet at the Genoa Conference in 1922, then Bretton Woods in 1944.
The 1950s retained the poverty, but the wealth parasiting started to kick-in in the "Swinging Sixties". The excess credit resulted in the stagflation of the 1970s.
Now, as president Putin has stated, the vampire ball is over. Melon Husk has echoed the pothead war criminal, in announcing that the sheeple would have to "live within our means", which is an admission they've been parasiting.
When you criticise them, the Anglo/Jew propagandists claim you should be grateful as an ex-pat because you share some of the wealth they've been thieving off the rest of the World. But Niall Ferguson reported that China had achieved a "harmonious society". Asia had had peace for centuries. India and China had traded peacefully for millenia.
Then the thieving, lying, cheating Anglos arrived!
Also, the DXY is down over 10% ytd, which in the $7trn a day FX market is GINORMOUS.
The dump of the "worthless paper" USD is causing problems for Taiwan where their currency is too high. By contrast, we're being told that the HKD is having to defend the 7.85 level against the "worthless paper" USD.
This is the old "you can't fire me; I quit" ploy. War criminal, The Donald, is a poor propagandist, a poor actor, a poor negotiator and reveals all his cards with his heavily dumbed-down pronouncements.
He did the same with the Nordstream pipeline openly voicing opposition to it, though war criminal, "Genocide Joe" Biden was even more explicit.
Already, the Anglo/Jew propaganda is openly admitting the end of dollar hegemony. Already, gold has overtaken the euro in central bank FX reserve holdings. Already, the CBs are reporting that 95% expect gold accumulation to continue with 43% admitting that their own intends to do so.
China is the World's largest trading nation by far. Already, over half of China's trade is conducted in her own currency. Already, China's CIPS recently overtook SWIFT in a daily volume.
Despite this, Bloomberg BS offers one last denial of the inevitable and which president Putin has said is unstoppable: "Decade-Old Local Currency Push by BRICS Is Still a Pipe Dream".
But it's not as though the BRICS+ nations would struggle to switch if a meteor hit Wall St., taking out its banks, which administer exchange in the "worthless paper" USD. OBVIOUSLY, the only reason it's taking so long is because the Great Satan can't keep up and BRICS+ don't want to collapse the western financial system, with hundreds of trillions in eurodollars. Russia and India have even made announcements to deny a single BRICS currency is imminent and offered red-herrings such as a basket of commodities to back a trading currency. That's akin to Keynes' Bancor which would never have worked because a basket of currencies only amplifies volatility, whereas gold, all by itself, is more stable because of its 1.6% stock2flow ratio.
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