RIO DE JANEIRO:
BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump’s hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East.
Emerging nations representing about half the world’s population and 40 percent of global economic output are set to unite over what they see as unfair US import tariffs, according to sources familiar with summit negotiations.
Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive tariffs.
His latest salvo comes in the form of letters due to be sent starting Friday informing trading partners of new tariff rates expected next week on July 9.
Diplomats from 11 emerging nations, including Brazil, Russia, India, China and South Africa, have been busy drafting a statement condemning the economic uncertainty.
