1. BRICS member countries, including China, Russia, and India, have pledged to uphold multilateralism during a virtual summit on September 8th, 2025.
2. The meeting was convened by Brazil, the current BRICS presidency, in response to high tariffs imposed by the US administration on Brazil and India.
3. The leaders discussed strategies to counteract risks in international trade, with Brazilian President Luiz Inacio Lula da Silva expressing concern over "tariff blackmail" as a tool for market domination and interference in domestic affairs. Chinese President Xi Jinping also expressed concerns about trade and tariff wars undermining international trade rules.
2. The meeting was convened by Brazil, the current BRICS presidency, in response to high tariffs imposed by the US administration on Brazil and India.
3. The leaders discussed strategies to counteract risks in international trade, with Brazilian President Luiz Inacio Lula da Silva expressing concern over "tariff blackmail" as a tool for market domination and interference in domestic affairs. Chinese President Xi Jinping also expressed concerns about trade and tariff wars undermining international trade rules.
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Summary
BRICS summit on Sept 8th, 2025, led by Brazil due to US tariffs. Members - China, Russia, India - pledged to uphold multilateralism. Leaders discussed countering trade risks, with concerns over tariff blackmail as a tool for market domination and interference in domestic affairs expressed by Lula