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BRICS voice 'serious concerns' about Trump tariffs

BRICS voice 'serious concerns' about Trump tariffs

CNAa day ago
RIO DE JANEIRO: BRICS leaders meeting in Rio de Janeiro Sunday (Jul 6) warned that US President Donald Trump's "indiscriminate" import tariffs risked hurting the global economy.
"We voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules," the bloc said in a summit statement, referring to the World Trade Organization.
The 11 emerging nations, including Brazil, Russia, India, China and South Africa, represent about half the world's population and 40 percent of global economic output.
The bloc is divided about much, but has found common cause when it comes to the mercurial US leader and his stop-start tariff wars.
BRICS described such tariffs as illegal and arbitrary, threatening to "further reduce global trade, disrupt global supply chains, and introduce uncertainty into international economic and trade activities."
In April, Trump threatened allies and rivals alike with a slew of punitive duties, but abruptly offered a reprieve in the face of a fierce market sell-off.
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Shares steady in Asia on US tariff letter; dollar firms
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Shares steady in Asia on US tariff letter; dollar firms

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Timeline of Trump's remarks on Palestinian displacement, Gaza takeover
Timeline of Trump's remarks on Palestinian displacement, Gaza takeover

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Timeline of Trump's remarks on Palestinian displacement, Gaza takeover

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I think we're getting close to finding several countries." Washington has for decades backed a two-state solution between the Israelis and the Palestinians to create a state for Palestinians in the Israeli-occupied West Bank and Gaza alongside Israel. Trump said, "I don't know" when he was asked if that solution was possible and referred the question to Netanyahu. Netanyahu said: "I think the Palestinians should have all the powers to govern themselves, but none of the powers to threaten us. That means a sovereign power, like overall security, will always remain in our hands." REUTERS

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CNA

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