Chinese President Xi Jinping on Monday called for a unified response by the BRICS countries to trade challenges posed by the US, saying that Washington's tariff wars severely disrupted the world economy and undermined international trade rules.
Speaking via a video link to the BRICS (Brazil, Russia, India, China and South Africa) leaders' meeting convened by Brazilian President Lula De Silva, Xi said, “as we speak, transformation unseen in a century is accelerating across the world”.
"Hegemonism, unilateralism, and protectionism are getting more and more rampant. Trade wars and tariff wars waged by some country severely disrupt the world economy and undermine international trade rules,” he said, without directly naming the US or its President Donald Trump, whose steep tariffs against India, Brazil, China and Russia caused turmoil in the emerging economies.
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