Story perspectives

BRICS Ministers Urge Multilateralism to Combat Global Tariffs

9/30/2025

Summary

Story summary

BRICS Foreign Ministers warn rising tariffs and protectionism could destabilize the global economy, harming developing nations.
Speaking at the United Nations General Assembly (UNGA), they urged adherence to WTO rules.
China's Global Governance Initiative emphasizes multilateralism and the UN Charter to reform global governance.
Beijing will host a Communist Party conclave outlining economic and political strategies amid United States tensions.

History

Historical Context

The 1944 Bretton Woods Conference established a framework for global economic cooperation, leading to the creation of the International Monetary Fund (IMF) and World Bank. These institutions aimed to stabilize economies and support development. Today, BRICS Foreign Ministers emphasize these principles, warning that rising tariffs threaten global stability and advocating for renewed multilateralism to counter protectionist trends affecting developing nations.

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Story summary

BRICS Foreign Ministers warn rising tariffs and protectionism could destabilize the global economy, harming developing nations.
Speaking at the United Nations General Assembly (UNGA), they urged adherence to WTO rules.
China's Global Governance Initiative emphasizes multilateralism and the UN Charter to reform global governance.
Beijing will host a Communist Party conclave outlining economic and political strategies amid United States tensions.

1 / 2