Global Economy News
LAST UPDATE: September 9, 2025
BRICS leaders denounce protectionism, tariff ‘blackmail’
During a virtual summit, BRICS leaders strongly condemned economic protectionism and “tariff blackmail,” advocating for multilateral trade based on fairness.
Insight
The collective stance illustrates emerging economies’ pushback against unilateral trade coercion and support for a rules-based international system.
Economic practices must be fair and benefit everyone, says India’s foreign minister
India’s Foreign Minister S. Jaishankar emphasized in recent remarks that global economic practices must be equitable, transparent, and inclusive for all nations.
Insight
His statement reflects India’s aspiration to play a leadership role among developing countries by advocating reform and inclusivity in global economic governance.
