China says BRICS not seeking ‘confrontation’ after Trump tariff threat

Top officials representing BRICS economies pose for a family photo during the bloc’s summit in Rio de Janeiro, Brazil, on July 6, 2025. (AFP)
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Updated 07 July 2025
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China says BRICS not seeking ‘confrontation’ after Trump tariff threat

  • Statement: ‘China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward’
  • BRICS has come to be seen as a Chinese-driven counterbalance to US and western European power

BEIJING: China said on Monday that BRICS, the grouping that also includes Brazil, Russia and India, was not seeking “confrontation” after US President Donald Trump vowed to impose an extra 10 percent tariff on countries aligning with the bloc.

“Regarding the imposition of tariffs, China has repeatedly stated its position that trade and tariff wars have no winners and protectionism offers no way forward,” foreign ministry spokeswoman Mao Ning said.

Trump said he would send the first tariff letters to various countries on Monday, days before his deadline for trading partners to reach a deal expires.

He said on Sunday he would send a first batch of up to 15 letters, warning that US levies on imports would snap back to the high levels he set in April if countries failed to make agreements.

And, in a post on his Truth Social network, he threatened a further 10 percent tariff on countries aligning themselves with the emerging BRICS nations, accusing them of “anti-Americanism” after they slammed his tariffs at a summit in Rio de Janeiro on Sunday.

Conceived two decades ago as a forum for fast-growing economies, BRICS has come to be seen as a Chinese-driven counterbalance to US and western European power.

However, Beijing defended the grouping on Monday as “an important platform for cooperation between emerging markets and developing countries.”

“It advocates openness, inclusivity and win-win cooperation,” Mao said.

“It does not engage in camp confrontation and is not targeted at any country,” she said.


Spain fines Airbnb 64 mn euros for posting banned properties

Updated 58 min 41 sec ago
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Spain fines Airbnb 64 mn euros for posting banned properties

  • The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by deleting illegal content“

MADRID: Spain’s leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis.
The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by deleting illegal content.”
The ministry said 65,122 adverts on Airbnb breached consumer rules, including the promotion of properties without a license or those whose license number did not match with data in registers.
The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.
A tourism boom has driven the buoyant Spanish economy but fueled local concern about increasingly scarce and unaffordable housing, a top priority for the minority coalition government.
The world’s second most-visited country hosted a record 94 million foreign tourists in 2024 and is on course to surpass that figure this year.
But residents of hotspots such as Barcelona blame short-term rentals for the housing crisis and changing their neighborhoods.
In June, the consumer rights ministry also ordered online accommodation giant Booking.com to take down more than 4,000 illegal adverts.
“There are thousands of families who are living on the edge due to housing, while a few get rich with business models that expel people from their homes,” far-left consumer rights minister Pablo Bustinduy said in the ministry statement.
“We’ll prove it as many times as necessary: no company, no matter how big or powerful, is above the law. Even less so when it comes to housing,” he added on social network Bluesky.