RIO DE JANEIRO, Brazil: BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump\u2019s hard-line trade policies, but are struggling to bridge divides over crises roiling the Middle East.<\/p>\n
Emerging nations representing about half the world\u2019s 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.<\/p>\n
Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive tariffs.<\/p>\n
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.<\/p>\n
Diplomats from 11 emerging nations, including Brazil, Russia, India, China and South Africa, have been busy drafting a statement condemning the economic uncertainty.<\/p>\n
Any final summit declaration is not expected to mention the United States or its president by name. But it is expected to be a clear political shot directed at Washington.<\/p>\n
\u201cWe\u2019re anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration,\u201d Marta Fernandez, director of the BRICS Policy Center at Rio\u2019s Pontifical Catholic University said.<\/p>\n
This is particularly the case for China, which has only recently negotiated with the US to lower steep tit-for-tat levies.<\/p>\n
\u201cThis doesn\u2019t seem to be the right time to provoke further friction\u201d between the world\u2019s two leading economies, Fernandez said.<\/p>\n","protected":false},"excerpt":{"rendered":"
RIO DE JANEIRO, Brazil: BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump\u2019s hard-line trade policies, but are struggling to bridge divides over crises roiling the Middle East. Emerging nations representing about half the world\u2019s population and 40 percent of global economic output are set to unite over what …<\/p>\n","protected":false},"author":4,"featured_media":83319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-83301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=83301"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83301\/revisions"}],"predecessor-version":[{"id":83320,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83301\/revisions\/83320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/83319"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=83301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=83301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=83301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}