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by: xpoolPosted on: May 26, 2025

BRICS Promotes Multilateral Trade Amidst Trump’s Threat to EU

The BRICS trade ministers approved a declaration outlining a plan for strengthening the multilateral trading system and reforming the World Trade Organization (WTO). This comes as US President Donald Trump threatens a 50% tariff on EU goods beginning June 1st. Despite the escalating tensions, BRICS countries are committed to fostering fair trade and sustainable economic development.

Related posts:

  1. WTO Downgrades Global Trade Growth Forecast Due to Rising Tariffs
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  3. Trade and Immigration Take Center Stage as Trump & Bukele Discuss Future Relations
  4. Wine Importer Challenges Trump-Era Tariffs, Seeking Industry Revival
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