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3w ago

BRICS Summit in Rio Yields Joint Declaration Against US Tariffs, Outlines UN Security Council Reform Path

Delegates approved a declaration denouncing unilateral US tariffs, adopting firmer Middle East language, initiating steps for UN Security Council reform

Ricardo Alban, President of the National Confederation of Industry (CNI), delivers a speech as Malaysia's Prime Minister Anwar Ibrahim, Brazil's President Luiz Inacio Lula da Silva and Brazil's Vice President Geraldo Alckmin participate at the opening of the BRICS Business Forum, ahead of the BRICS Presidential Summit, in Rio de Janeiro, Brazil, July 5, 2025. REUTERS/Pilar Olivares
Brazil BRICS
China's Premier Li Qiang waves during a visit to Jakarta, Indonesia, in May.
Officials, including Russian leader Vladimir Putin and Chinese leader Xi Jinping, attend the at the BRICS summit in Kazan, Russia, in October 2024.

Overview

  • Chinese President Xi Jinping and Russia’s Vladimir Putin both skip the summit, with Xi represented by Premier Li Qiang and Putin joining via video link.
  • Leaders condemned unilateral US tariffs in the declaration, warning they distort trade and contravene WTO rules.
  • Statement deepened criticism of the bombardment of Gaza, Israel’s strikes on Iran, moving beyond the summit’s prior cautious wording.
  • BRICS agreed to endorse Brazil and India in proposed UN Security Council reform, leaving arrangements for an African seat to future discussions.
  • President Lula renewed calls for intra-bloc transactions in national currencies, urging an alternative to the dollar to shape 21st-century economics.