BRICS Leaders Cite Concerns About Protectionist Policies

Leaders from the five BRICS nations sounded the alarm over what South Africa's president described as recent threats to multilateralism and sustainable global growth � a not-so-coded reference to a brewing trade war between the U.S. and BRICS' wealthiest member, China.


A trade war should be rejected because there will be no winner, he said. Economic hegemony is even more objectionable, because it will undermine the collective interest of the international community. Those who pursue this cause will only hurt themselves.

South African President Cyril Ramaphosa echoed his sentiments.




I think that something that is pertinent that relates to the United States and President Trump's administration is of course their protectionist measures that they have put on in terms of trade, and the trade wars that have every country in the globe speaking, analyst Luanda Mpungose told VOA. But something that the BRICS have actually come out and actually spoken about quite strongly, is that they want to support multilateralism and a rules-based world order.

Source: Voice of America