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3mo ago

BRICS+ Summit Opens in Rio to Challenge Unilateral Tariffs and Condemn Military Attacks on Iran

Voicing grave concerns over unilateral tariffs distorting trade, bloc leaders meeting in Rio will maintain existing language condemning military attacks on Iran with key Chinese and Russian presidents absent.

Le ministre brésilien des Finances, Fernando Haddad, aux côtés du président brésilien Luiz Inacio Lula da Silva et du Premier ministre chinois Li Qiang lors d’une réunion bilatérale, avant le sommet des BRICS, à Rio de Janeiro, Brésil, le 5 juillet 2025.
Image
Photo diffusée par la présidence brésilienne montrant le président brésilien Luiz Inacio Lula da Silva et l'ex-présidente brésilienne Dilma Rousseff lors d'une réunion dans le cadre du sommet des Brics, à Rio de Janeiro, le 4 juillet 2025

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.