Trump shadow looms large over Brics as Modi hosts Putin and Xi in Delhi
Summary
Leaders from 11 Brics countries, including India, China, and Russia, met in Delhi to discuss various global issues amid tensions caused by President Donald Trump's policies. Although Trump’s actions have affected global energy markets and trade, the Brics group is unlikely to strongly criticize the US because its members have differing interests.Key Facts
- The Brics summit in Delhi includes 11 countries such as India, China, Russia, Brazil, South Africa, UAE, and Iran.
- Saudi Arabia is attending the summit as an invited member.
- President Trump's trade policies and threats, including tariffs, have influenced global markets.
- Brics leaders are expected to avoid openly criticizing the US in their joint statement.
- India is close to a trade deal with the US and does not want to upset Washington.
- There are internal divisions in Brics about how much to challenge US policies.
- Brics aims to reduce dependence on the US dollar, which Trump has opposed.
- The New Development Bank and a $100 billion reserve fund are key achievements of Brics.
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