United Nations, Sep 27: Indian External Affairs Minister (EAM), S Jaishankar has called for BRICS to prepare to meet the onslaught on the global trade system, which is also aimed particularly at the group and singles out some members.
“As rising protectionism, tariff volatility and non-tariff barriers impact trade flows, BRICS must defend the multilateral trading system”, EAM Jaishankar told the group’s foreign ministers here on Friday.
US President Donald Trump has threatened BRICS members that he would impose an extra tariff for being part of it, and has separately, on other grounds, imposed total tariffs of 50 per cent on India and Brazil, and 30 per cent on most imports from South Africa.
While speaking of the risks BRICS is facing, Jaishankar did not name the US.
Ethiopia’s State