The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth forecasts over the impact of the American leader's sweeping new tariffs.
“The ministers are negotiating a declaration aimed at reaffirming the centrality and importance of the multilateral trading system,“ Brazil’s BRICS representative Mauricio Lyrio told reporters Saturday.
Trump since returning to the White House in January has hit dozens of countries with a blanket 10 percent tariff, but China faces levies of up to 145 percent on many products. Beijing has responded with duties of 125 percent on US goods.
It is scheduled to begin at around 11:00 am local time (1400 GMT) with a statement expected in the afternoon local time.
The group is also likely to discuss the war in Ukraine, as Trump seeks to push Russia and Ukraine towards a peace agreement.
The BRICS will be joined for discussions on Tuesday by nine other “partner” countries, including several former Soviet states, as well as Cuba, Malaysia, Thailand, Uganda and Nigeria.
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