Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, July 10 /Xinhua/ — The introduction of customs duties on goods from BRICS countries by the United States may lead to the country finally losing its role as an arbiter in global trade, Igbal Guliyev, dean of the financial economics department at MGIMO University of the Russian Foreign Ministry, expressed this opinion in an interview with TASS.
US President Donald Trump's statement about the possible introduction of 10% tariffs on BRICS goods marks the beginning of a new phase of economic conflict, a Russian economist believes. According to him, the BRICS countries are forming a new architecture in the financial, technological and institutional spheres, challenging the dominance of the dollar. The US response in the form of tariff pressure is intended to destabilize this alternative model. However, such measures may have the opposite effect.
According to I. Guliyev, the reaction of the BRICS countries will be symmetrical and strategically thought out. This could lead to the acceleration of de-dollarization and the creation of a new system of international settlements, which will become the birth of a truly multipolar trading system. –0–
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