BRICS Nations Accelerate Efforts to Establish New International Payment System to Fight Back Against U.S. Tariffs

by Brian Shilhavy
Editor, Health Impact News

Pepe Escobar, the Brazilian international journalist, recently returned from his visit to China where he spent time in Shanghai and Hong Kong, home to the two largest ports in China.

He was interviewed by Danny Haiphong, and I am including the interview here, which I listened to this past weekend.

Escobar states:

Trump managed to do what I would say (is) the impossible, to antagonize 1.4 billion Chinese, at the same time.

And there’s no turning back. So Trump cannot expect a phone call from China.

He explains how BRICS, which will meet this summer in Brazil, is now accelerating their plans to implement a new international payment system so countries can bypass the U.S. banking system and the U.S. dollar, as they begin to exclude the U.S. market due to these high tariffs.

Escobar mentions the analogy that President Trump is using for his tariffs, which is that the U.S. is a “store” and that any country who wants to buy U.S. goods in this “store” has to meet Trump’s pricing based on tariffs.

Escobar responds: “But what he doesn’t realize is that nobody wants to buy anything in this store anymore” as the BRICS nations begin to reshape their supply chains and exports.

Also covered in this interview is the amazing announcement from Russia that the Kursk region has now been 100% liberated, as Russia announces, for the first time in public, that they did so with the help of North Korean military forces.

He also explains how Iran is a huge part of BRICS plans for the future, and the implementation of the new Silk Road trade initiatives.

Watch the full interview: