China Pledges More BRICS Cooperation As US Trade Tensions Rise


China pledged today to boost cooperation with fellow BRICS countries in response to soaring frictions with the US, as it seeks to cultivate alliances to help it weather a bruising trade war.

China will enhance coordination on macroeconomic policies with fellow BRICS members Brazil, Russia, India and South Africa in response to the “challenges posed by the changing policies of certain developed countries,” said assistant foreign minister Zhang Jun.

The comment was an oblique reference to US President Donald Trump’s decision to plunge the US and China into a tit-for-tat trade war by imposing tariffs on billions of dollars worth of goods — and threatening to up the ante with $200 billion more. Read More

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