In a virtual address on September 8, Chinese President Xi Jinping urged BRICS nations to “resist all forms of protectionism” and defend the multilateral trading system anchored by the World Trade Organization, stressing its vital role amid rising geopolitical tensions and unilateral trade restrictions. Xi emphasized that regardless of global instability, an open world economy remains essential and that through openness, BRICS countries can share opportunities and achieve “win-win outcomes”.
Directing a subtle rebuke toward U.S. tariff policies, Xi warned against the proliferation of hegemonism, unilateralism, and protectionism, characteristics he portrayed as escalating threats to international trade norms. He called on BRICS, as a leading bloc of the Global South, to act in unison “on the BRICS Spirit of openness, inclusiveness and win-win cooperation,” safeguarding international fairness and justice while deepening their internal integration.
Xi’s remarks, delivered at a summit convened by Brazilian President Luiz Inácio Lula da Silva, echoed concerns from fellow leaders. Lula himself denounced what he termed “tariff blackmail,” pointing to rising U.S. tariffs—some up to 50%—imposed on member economies like Brazil and India, which he described as politically motivated.
Together with Xi’s speech, Indian External Affairs Minister S. Jaishankar added that BRICS countries must foster a stable, predictable trade and investment environment and avoid exacerbating global economic uncertainties with protectionist measures.
