The BRICS summit in Rio de Janeiro, Brazil, attended by Prime Minister Modi, has sparked a global economic debate. BRICS leaders criticised Donald Trump’s tariff policies, warning they could destabilise the world economy and distort trade. They argued that Trump’s actions are inconsistent with international laws. In response, Trump reiterated warnings of a 10% tariff hike on countries pursuing anti-American policies. China defended BRICS, describing it as an important mechanism for developing nations that promotes openness and inclusiveness without targeting any specific country. The summit has reignited discussions on global trade dynamics and the role of emerging economies in shaping international economic policies.
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