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Brazil to host next BRICS summit in Rio de Janeiro in July

  • Leaders of BRICS will meet in Rio de Janeiro from July 6-7, as announced by Brazilian Foreign Minister Mauro Vieira on social media platform X.
  • US President Donald Trump has threatened to impose 100 percent tariffs on BRICS nations if they undermine the US dollar.
  • Brazil aims to enhance cooperation with developing nations in the Global South and reform multilateral institutions during its presidency of BRICS.
  • Brazil's chief negotiator, Eduardo Saboia, mentioned there is no concrete plan to replace the dollar but aims to use local currencies in transactions.
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CartaCapital broke the news in São Paulo, Brazil on Saturday, February 15, 2025.
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