Brazil will seek to build relationships and not worsen an already tense global mood, while holding the rotating presidency of the BRICS bloc of developing economies, a top official told AFP.
Diplomat Eduardo Saboia, head of the BRICS summit to be held in Rio de Janeiro in July, brushed off recent threats from incoming US president Donald Trump to impose 100 percent tariffs on BRICS nations if they undercut the dollar.
Saboia said in an interview Thursday that there was no plan to replace the dollar, but rather to boost the use of local currencies.
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Diplomat Eduardo Saboia, head of the BRICS summit to be held in Rio de Janeiro in July, brushed off recent threats from incoming US president Donald Trump to impose 100 percent tariffs on BRICS nations if they undercut the dollar.
Saboia said in an interview Thursday that there was no plan to replace the dollar, but rather to boost the use of local currencies.
More
BRICS aims to 'build' global ties as Trump takes office: Brazil
Brazil will seek to build relationships and not worsen an already tense global mood, while holding the rotating presidency of the BRICS bloc of developing economies, a top official told AFP. Diplomat Eduardo Saboia, head of the BRICS summit to be held in Rio de Janeiro in July, brushed off...