Buenos Aires — China has rallied the support of the biggest developing economies to push back against protectionism as US President Donald Trump threatens to impose tariffs on almost all Chinese imports. China, Brazil, Russia, India and SA have agreed to "fight against trade protectionism together" after a meeting during the Group of 20 summit of finance ministers and central bankers in Buenos Aires, the Chinese finance ministry said on its website. The Brics should "firmly support economic globalisation and multilateralism and unequivocally oppose unilateralism and protectionism in any form", as the global economy faces increasing uncertainties and instability, Finance Minister Liu Kun told the meeting of the Brics nations. Liu also urged his counterparts to push for advanced nations to adopt "responsible" economic policies, and "closely" monitor the pressure on capital flows in emerging markets brought forward by policy changes in developed nations, according to the statement. The...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.