Overview
- Over 20 emerging economies have convened for the 17th BRICS+ summit in Rio de Janeiro under Brazil’s presidency.
- Delegates agreed to express “grave concerns” about rising unilateral tariffs and non-tariff barriers that they say distort global commerce without naming the United States or President Trump.
- Negotiators finalized a communique condemning recent military attacks on Iran and calling for an immediate cease-fire in the Middle East.
- Chinese President Xi Jinping and Russian President Vladimir Putin are not attending in person, with Putin delivering remarks via videoconference.
- Members are seeking deeper economic cooperation through the New Development Bank as the bloc expands its membership and offers an alternative to Western-led financial institutions.