💨 Abstract

The BRICS foreign ministers met in Rio de Janeiro but failed to reach a joint communique due to concerns over trade protectionism, particularly the U.S.'s new tariffs-focused trade policy under President Trump. Brazil issued a statement expressing worry about a fragmented global economy and the weakening of multilateralism. The ministers expressed serious concerns about unjustified unilateral protectionist measures inconsistent with WTO rules.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖