China's He says some nations interfere in market in the name of derisking

China's He says some nations interfere in market in the name of derisking

China has accused the US of interfering in the internal affairs of other nations, including Brazil, under the guise of derisking its economy. The latest tariffs imposed by the US on Brazil, set to take effect on August 1, have sparked a strong response from Beijing. Chinese Foreign Ministry spokeswoman Mao Ning condemned the tariffs, stating that they are being used as a tool for coercion and interference in Brazil's internal affairs [2].

The US has justified the tariffs by citing Brazil's treatment of former President Jair Bolsonaro and alleged censorship targeting American platforms. However, Brazil's President Luiz Inacio Lula da Silva has rejected these claims, asserting that Brazil is a sovereign nation and will not accept any form of tutelage [2].

This incident comes amid growing tensions between the US and China, with the two superpowers engaged in a fierce competition for global influence. The US has been using its economic might to pressure other nations to align with its policies, a strategy that has been criticized by China and other countries [1].

The EU, caught between the US and China, is grappling with its own set of challenges. The EU's trade commissioner, Maros Sefcovic, is scheduled to hold talks with the US side on Monday to address the latest tariffs imposed by the US on EU imports [1].

The ongoing US-China rivalry is shaping the global economy and politics, with trade wars, a global arms race, and rising geopolitical tension becoming increasingly prominent features. The EU is trying to navigate this complex landscape, seeking to balance its relations with both superpowers while protecting its own interests.

References:
[1] https://www.dw.com/en/europe-walks-tightrope-amid-intensifying-us-china-rivalry/a-73273914
[2] https://www.aa.com.tr/en/americas/china-slams-us-tariffs-on-brazil-urges-against-interference-in-internal-affairs/3627971