July 24, 2018

BUENOS AIRES -- China has rallied the support of the biggest developing economies to push back against protectionism as US President Donald Trump threatens to impose tariffs on almost all Chinese imports.

Brazil, Russia, India, China and South Africa - known as the Brics grouping - have agreed to "fight against trade protectionism together" after a meeting during the Group of 20 (G-20) summit of finance ministers and central bankers in Buenos Aires, the Chinese Finance Ministry said in a statement posted on its website.

Brics should "firmly support economic globalisation and multi-lateralism, and unequivocally oppose unilateralism and protectionism in any form", as the global economy faces increasing uncertainties and instability, Finance Minister Liu Kun told the meeting of the Brics nations.

Read more:

https://www.straitstimes.com/world/americas/china-rallies-brics-nations-to-stand-up-to-trump