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The Economic Times

Business / The Economic Times

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BRICS flags unilateral tariffs, trade barriers as global risks

BRICS finance ministers voiced serious concerns over unilateral trade measures. Higher tariffs and non-tariff barriers are distorting global trade and adding risks. The global economic outlook remains under pressure from geopolitical tensions. Trade fragmentation and protectionism also contribute to economic instability. Policy uncertainty and financial vulnerabilities add to the global economic challenges.

11 Sep 2026 2:05 pm