What is the story about?
What's Happening?
Chinese President Xi Jinping and Russian President Vladimir Putin are set to participate in a virtual BRICS trade summit hosted by Brazil. The summit will focus on discussing trade policies, including those of President Trump. Indian Prime Minister Narendra Modi will not attend but will send a senior representative. The summit comes at a time of heightened global trade tensions, with leaders seeking to address challenges and opportunities within the BRICS nations.
Why It's Important?
The participation of Xi and Putin in the BRICS summit underscores the importance of multilateral trade discussions in the face of unilateral trade policies. The absence of Modi highlights potential shifts in diplomatic priorities and alliances within the BRICS group. The summit's outcomes could influence global trade dynamics, particularly in relation to U.S. trade policies and their impact on international economic relations.
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