China gave no reason for Xi Jinping’s absence, while the Kremlin confirmed that Vladimir Putin will join virtually.
Vladimir Putin and Xi Jinping will not attend the summit as BRICS members face imminent and costly tariff wars with the US. RIO DE JANEIRO: BRICS leaders will meet in Rio de Janeiro from Sunday, with the bloc depleted by the absence of China ’s Xi Jinping , who is skipping the annual summit of emerging economies for the first time in 12 years.The grouping – often seen as a Chinese-driven counterbalance to Western power – meets as members face imminent and costly tariff wars with the US.
“I know it is complicated. There are political problems,” Lula said at a BRICS banking event. “But if we do not find a new formula, we are going to finish the 21st century the way we started the 20th.”But with many, including China, locked in difficult trade negotiations with the US, they may be wary of roiling the mercurial US president.President Donald Trump has warned that starting Friday, countries will receive letters stating the amount their exports to the United States will be tariffed.
China Dollar Lula Modi Putin Rio Summit Trump Tariffs Us Trade War Xi Jinping
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