BRICS members blast rise of 'trade protectionism'

Brazil's Foreign Minister Mauro Vieira speaks connected the 2nd time of the BRICS overseas ministers gathering successful Rio de Janeiro. Photo: Mauro PIMENTEL / AFP
Source: AFP

China, Brazil and different members of the BRICS grouping connected Tuesday slammed the "resurgence of commercialized protectionism" astatine a gathering successful Rio de Janeiro dominated by US President Donald Trump's tariffs blitz.

Chinese Foreign Minister Wang Yi and his Russian counterpart Sergei Lavrov were among the apical diplomats of the 11-country grouping attending 2 days of talks connected issues ranging from Trump's commercialized warfare to the propulsion for bid successful Ukraine.

Mauro Vieira, the overseas curate of Brazil which holds the rotating BRICS presidency, said the bloc underscored its "firm rejection" of protectionism, without explicitly referring to Trump.

The radical besides deed retired astatine the usage of "non-tariff" commercialized barriers, deployed nether "environmental pretexts," successful what immoderate saw arsenic a swipe by Brazil astatine EU regulations connected immoderate of its exports.

Since returning to the White House successful January, Trump has deed dozens of countries with a broad 10 percent tariff, but China faces levies of up to 145 percent connected galore products.

Beijing has responded with duties of 125 percent connected US goods.

BRICS, which was founded by Brazil, Russia, India and China successful 2009 and present besides includes Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, South Africa and the United Arab Emirates, has go a large counterweight to Western-led groups specified arsenic the G7.

It present makes up astir fractional of the world's population, and 39 percent of planetary GDP.

The gathering successful Rio came astatine a captious infinitesimal for the satellite economy aft the International Monetary Fund slashed maturation forecasts implicit the interaction of Trump's sweeping caller tariffs.

'Absolute consensus'

The ministers did not contented a associated connection but Vieira said determination was "absolute consensus" connected the taxable of "trade conflicts and tariffs."

Foreign Ministers and elder diplomats from BRICS countries airs for a household photograph astatine the bloc's gathering successful Rio de Janeiro, Brazil. Photo: Pablo PORCIUNCULA / AFP
Source: AFP

Some BRICS members have, however, escaped the worst of Trump's commercialized ire.

Brazilian exports to the United States are taxable to 10 percent tariffs, a fraction of those imposed connected China.

Vieira touted accrued "multilateralism and cooperation" arsenic the panacea for assorted planetary challenges.

On Monday, the BRICS ministers called for a "complete withdrawal" of Israeli forces from Gaza, terming Israel's much than 50-day assistance blockade of the territory "unacceptable."

They had little to accidental astir the warfare successful Ukraine, simply calling for a "diplomatic solution" which respects the "principles and objectives" of the United Nations charter.

BRICS leaders volition clasp a two-day acme successful Rio connected July 6-7.

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Source: AFP