In response to Trump’s threats to impose 100% tariffs on the BRICS nations, or anyone who threatens the “mighty U.S. dollar,” Kremlin Spokesman Dmitry Peskov commented on Jan. 31, “BRICS has not and is not discussing the creation of a common currency…. BRICS is speaking about the creation of new joint investment platforms that will allow investments in third countries, mutual investments and so on.” He also referenced Putin’s earlier comments that “Apparently experts should [explain] the BRICS agenda to Mr. Trump in more detail.”
The Chinese Foreign Ministry also responded to the issue, saying via its press office, “We have previously addressed this issue,” and reiterated China’s commitment to contribute to the stable growth of the global economy through practical cooperation with BRICS nations.