Emerging nations, which represent about half the world’s population and 40 percent of global economic output, have united over “serious concerns” about US import tariffs, according to a draft summit statement obtained by AFP on Saturday.
His latest salvo comes in the form of letters informing trading partners of new tariff rates that will soon enter into force.
But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa.
It warns that such measures “threaten to further reduce global trade” and are “affecting the prospects for global economic development.”
Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to Western power.
That absence has prompted fevered speculation in some quarters.
The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.
“Xi does not want to appear upstaged by Modi,“ who will receive a state lunch, he said.
Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.
Lula warmly welcomed leaders and dignitaries on Saturday, including China’s Premier Li Qiang, as the leftist president hosted a pre-summit business forum in Rio.
Iran’s President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel, is also skipping the meeting and will be represented by Foreign Minister Abbas Araghchi.
But one diplomatic source said the text would give the “same message” that BRICS delivered last month.
Artificial intelligence and health will also be on the agenda at the summit.
Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia and Indonesia.
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