Overview

• Brazilian President Luiz Inácio Lula da Silva called the video summit to address trade disruptions following steep U.S. tariffs reported at up to 50% on Indian and Brazilian goods.
• External Affairs Minister S. Jaishankar represented India, urging a stable, predictable, rules‑based trading system and cautioning against linking trade measures to non‑trade issues.
• Jaishankar pressed BRICS to review intra‑group trade, noting India’s biggest deficits are with BRICS partners, and advocated shorter, more resilient supply chains.
• China’s Xi Jinping called on members to resist protectionism and uphold a multilateral system centered on the WTO, with Russia’s Vladimir Putin joining the session.
• A Brazilian official said leaders’ remarks were closed to the press with no joint communiqué expected, signaling coordination over immediate collective policy action.