Trade tensions: India, Brazil, South Africa slam unilateral tariffs; 'discriminatory' and 'inconsistent' with WTO

India, Brazil, and South Africa (IBSA) criticized unilateral tariffs and coercive trade measures, labeling them discriminatory and inconsistent with WTO rules. They warned such actions destabilize global markets and undermine the rules-based trading system, citing recent US tariffs. IBSA urged urgent restoration of the WTO's dispute settlement system and emphasized free agricultural trade.

Trade tensions: India, Brazil, South Africa slam unilateral tariffs; 'discriminatory' and 'inconsistent' with WTO
India, Brazil, and South Africa (IBSA) criticized unilateral tariffs and coercive trade measures, labeling them discriminatory and inconsistent with WTO rules. They warned such actions destabilize global markets and undermine the rules-based trading system, citing recent US tariffs. IBSA urged urgent restoration of the WTO's dispute settlement system and emphasized free agricultural trade.