BRICS leaders denounce protectionism, tariff ‘blackmail’

BRASILIA: BRICS leaders railed against economic protectionism and “tariff blackmail” during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump. The group of emerging economies met via videoconference at the initiative of Brazil’s President Luiz Inacio Lula da Silva, whose office said it was necessary to address the “intensification of unilateral measures.” The BRICS represents nearly 40 percent of global GDP and almost half of the world’s population.

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