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BRICS Close Ranks in Rio to Reject US Tariff Threats and Push De-Dollarization

Leaders approved a Rio declaration designed to counter US tariff threats by advancing open trade, demanding a Gaza ceasefire, exploring shared currency options.

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Los BRICS se volvieron a reunir sin la presencia de China y Rusia.
La mandataria federal reiteró que México apuesta por la paz y llamó a redirigir recursos globales hacia el bienestar colectivo. Foto: X @SRE_mx

Overview

  • The summit concluded with a 126-point Rio declaration rejecting unilateral trade barriers, defending multilateralism and calling for an immediate, permanent Gaza ceasefire with full Israeli withdrawal.
  • The threat of 10% tariffs on BRICS-aligned nations issued by President Trump prompted a united rebuke from Lula da Silva, who asserted that “the world has changed” and reaffirmed sovereign equality among member states.
  • China’s Xi Jinping and Russia’s Vladimir Putin were absent in person—Xi stayed away, and Putin joined remotely due to an ICC arrest warrant—yet BRICS consensus endured on key trade and geopolitical issues.
  • Lula da Silva secured a commitment to task the New Development Bank with studying a common commercial currency and to boost transactions in local currencies as a step toward reducing reliance on the US dollar.
  • BRICS leaders closed the summit pledging to implement follow-up financial autonomy measures, pursue institutional reforms and coordinate preparations for the bloc’s next leadership transition.