Reference Message Network reported on April 20 according to a report from the website of Brazil's "Forum" magazine on April 18. Brazilian President's Special Advisor Amorim severely criticized U.S. President Trump's trade policy and issued a warning about the threat posed by the so-called "tariff storm" to the international multilateral trading system.
The report said that Amorim pointed out in an interview with the media that the damage caused by the destruction of the multilateral trading system could have far-reaching impacts on the global economy. "The loss caused by the destruction of the multilateral system far exceeds any competitive advantage you might gain."
The report stated that Amorim advocated strengthening relations with China and Russia, two members of the BRICS nations. He noted that China currently offers more investment opportunities for Brazil than the United States, and the risks are lower.
He said: "This is a pragmatic consideration. China has the financial strength for foreign investment that the United States does not possess."
Amorim emphasized that the BRICS countries play an important role on the international stage, and as the rotating presidency this year, Brazil will adhere to multilateralism and the advocacy of peace. He also stated that progress will be made in promoting the use of local currencies in trade settlements.
He said: "Brazil must maintain its own characteristics, reaffirm that we are a peaceful region, and continue to promote dialogue." (Translated by Han Chao)
Original article: https://www.toutiao.com/article/7495358865803723314/
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