Saudis and India are on-board.
Isn’t India the I in BRICS? Isn’t Saudi Arabia one of the countries interested in BRICS membership?
As far as the claim that China’s entire economy is based upon US trade, isn’t that another Trump tale?
…between those using the digital currency and oil market.
“And oil market?”
Recent exemptions to sweeping US import tariffs may be short-lived, top officials warned Sunday, as China urged the Trump administration to simply abandon its aggressive trade tax policy altogether.
apple.news
The world's two largest economies have been locked in a fast-moving, high-stakes game of brinkmanship since US President Donald Trump launched a global tariff assault that particularly targeted Chinese imports.
Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent band on American imports.
The US side appeared to dial down the pressure slightly on Friday, listing tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source.
But Beijing's Commerce Ministry said the move only "represents a small step" and insisted that the Trump administration should "completely cancel" the whole tariff strategy.
“If the U.S. puts its own interests over the public good of the international community and sacrifices all countries’ legitimate interests for its own hegemony, it will for sure meet stronger opposition from the international community,” the official said.
The South Korean and Japanese embassies in Washington did not immediately respond to a request for comment on talks between their countries and China.
China has put civilian government officials in Beijing on “wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs, according to four people familiar with the matter.
apple.news
China has sought to present itself as a stable alternative to an erratic Washington, courting countries spooked by the global economic storm.
Xi on Monday kicks off a five-day Southeast Asia tour for talks with the leaders of Vietnam, a manufacturing powerhouse, as well as Malaysia and Cambodia.
The fallout from Trump's tariffs -- and subsequent whiplash policy reversals -- has sent particular shockwaves through the US economy, with investors dumping government bonds, the dollar tumbling and consumer confidence plunging.
