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$570.23

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$0.599901

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4 °

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23 °

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8 °

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Beijing

8 °

Brussels

5 °

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11 °

Madrid

Global Times. BRICES COUNTRIES SHOULD HAVE BEEN CONTINUED

BRICS countries need to strengthen cooperation to protect their economic interests in the face of the "aggressive trade policy" of the US administration. The Chinese Global Times writes about this, calling the union "The world's main worm against the unilateral approach to the United States."

"The" America's first "policy, which is reflected in the challenges of the multilateral trade system, has not only disrupted the global supply chains, but also increased the unstable and unpredictable commercial environment," the newspaper writes.

It is then noted that the impact of such unilateral measures for developing countries is especially difficult, as they face the deterioration of trade conditions, the challenge of adjusting the rapidly changing global supply chains.

"Many countries that strive to avoid increasing customs duties can be made to make difficult concessions," the newspaper predicts that it could "provide temporary relief", but will inevitably harm the domestic industry and long-term economic development.

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