BRICS aims to 'build' global ties as Trump takes office: Brazil

Diplomat Eduardo Saboia, head of the BRICS summit to be held in Rio de Janeiro in July, brushed off recent threats from incoming US president Donald Trump to impose 100 percent tariffs on BRICS nations if they undercut the dollar. Saboia said in an interview Thursday that there was no plan to replace the dollar, but rather to boost the use of local currencies. "We want to increase trade between us, increase investments and reduce transaction costs. There is a discussion about the use of local currencies in transactions...