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BRICS Convenes Virtual Summit on US Tariffs as India Calls for Rules-Based Trade

India signaled caution by deputing S. Jaishankar instead of Prime Minister Narendra Modi to the Lula‑convened meeting.

Overview

  • Brazilian President Luiz Inácio Lula da Silva hosted BRICS leaders on September 8 to coordinate responses to disruptive US tariff measures.
  • Representing India, S. Jaishankar urged protection of a WTO‑centered, non‑discriminatory trading system and warned against tying trade actions to non‑trade issues.
  • Jaishankar pressed BRICS to review internal trade flows and address India’s large deficits with partners, calling for resilient, shorter supply chains and wider production bases.
  • China’s Xi Jinping denounced tariff and trade wars and called on BRICS to resist protectionism and jointly defend multilateralism.
  • Members struck a cautious tone, with India and Brazil avoiding direct escalation as 50% US tariffs on their exports remain in place and India separately flagged export‑control risks and trade imbalances at the SCO.