google.com, pub-3998556743903564, DIRECT, f08c47fec0942fa0 China Unveils BRICS Trade Plan Amid Rising Tensions With US

China Unveils BRICS Trade Plan Amid Rising Tensions With US


China has announced a new economic partnership plan for the BRICS bloc, positioning itself at the forefront of a growing trade standoff with the United States.

The move comes amid escalating tensions between Washington and the group of emerging economies, which includes Brazil, Russia, India, China, and South Africa.

Tariffs and Trade Tensions

The Trump administration, which returned to office in January 2025, has threatened to impose tariffs of up to 150% on imports from BRICS nations. The group has been actively pursuing policies to reduce reliance on the US dollar in global trade—a strategy that has drawn sharp criticism from Washington.

In response, China has unveiled plans to establish a "China Center for BRICS Special Economic Zones Cooperation", aimed at strengthening economic ties within the bloc.

A New Hub for BRICS Trade

Vice Minister of Commerce Wang Shouwen announced that the first center would be based in Hangzhou, Zhejiang Province, and serve as a platform for "international exchange and economic collaboration."

"The initiative will enhance our collective resilience against unilateralism and protectionism," Mr. Wang said in a statement reported by the Global Times, a state-affiliated newspaper.

A Challenge to Dollar Dominance

The BRICS bloc has been accelerating efforts to move away from the US dollar in trade settlements, with member states increasingly using local currencies.

The Trump administration has repeatedly warned against such moves, framing them as a threat to global financial stability. However, BRICS leaders argue that reducing dollar dependency will protect their economies from US sanctions and trade pressures.

What Comes Next?

Analysts say China’s latest move signals a more coordinated BRICS pushback against US trade policies.

"The US is trying to assert dollar dominance, but BRICS is building an alternative financial ecosystem," said Dr. Li Wei, an economist at Renmin University in Beijing. "This could redefine global trade dynamics."

The White House has yet to respond to the announcement.

BRICS accounts for over 40% of the world’s population and 25% of global GDP.

The group has expanded in recent years, with new members including Saudi Arabia, Iran, and Egypt.

 

 

 

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