Chinese Premier Li Qiang called for BRICS nations to deepen collaboration in reforming global governance systems during his address at the 17th BRICS Summit in Rio de Janeiro. The remarks come amid heightened trade tensions, as former U.S. President Donald Trump recently threatened to impose 10% tariffs on BRICS members—a move experts warn could destabilize industries and supply chains worldwide.
A New Vision for Multilateralism
Premier Li emphasized BRICS' role in fostering a 'multipolar world' through practical cooperation, positioning the bloc as a catalyst for equitable international systems. The summit highlighted initiatives to streamline cross-border trade mechanisms and enhance financial resilience among member states.
Trade Tensions Spark Economic Concerns
Analysts from BRICS countries cautioned that protectionist policies like Trump's proposed tariffs could disrupt critical sectors from semiconductor manufacturing to agricultural exports. 'This isn't just about trade balances—it's about maintaining stability in global production networks,' said a Brazilian economist attending the summit.
The BRICS Blueprint
With collective GDP now surpassing that of the G7 nations, BRICS continues to expand its influence through new development banks and technology-sharing agreements. Observers note the bloc's growing appeal to emerging economies seeking alternatives to traditional Western-led frameworks.
