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International Business Times
International Business Times
World

BRICS Leaders Denounce Protectionism, Tariff 'Blackmail'

BRICS Donald Trump Luiz Inacio Lula da Silva Xi Jinping Vladimir Putin United States
Russian President Vladimir Putin attends an extraordinary virtual summit of the BRICS group of nations (Credit: AFP)

Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump.

The group of emerging economies met via videoconference at the initiative of Brazil's President Luiz Inacio Lula da Silva, whose office said it was necessary to address the "intensification of unilateral measures" in the world.

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