KUALA LUMPUR (Reuters) – Malaysia stated on Thursday any effort by the inbound Trump administration to enforce tariffs on BRICS nations for attempting to produce a brand-new currency or usage options to the dollar might cause international semiconductor supply chain interruptions.
The BRIC grouping of significant emerging economies atfirst consistedof Brazil, Russia, India and China, and has consideringthat broadened to take in other nations.
Malaysia hasactually used to be part of the bloc, which intends to difficulty a world order controlled by Western economies, however has not yet been formally accepted as a member.
Trade minister Tengku Zafrul Aziz stated Malaysia was carefully tracking advancements after U.S. President-elect Donald Trump stated BRICS members would face 100% tariffs unless they devoted to not producing a brand-new currency or supporting another currency that would change the United States do