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BRICS Countries Set to Criticize U.S. Tariffs

  • BRICS leaders will draft a statement in Rio de Janeiro voicing serious concern about US unilateral tariffs set to take effect July 9.
  • US threats of tariffs since January prompted BRICS to prepare a draft statement condemning unilateral measures ahead of the July 9 deadline.
  • Emerging nations representing about half the world’s population and 40% of global output condemn US tariffs, emphasizing their economic weight and opposition to measures conflicting with international law.
  • Membership expansion has opened many new fault lines within BRICS.
  • BRICS aims to position itself as a strategic counterbalance by backing the Paris climate agreement and calling for global AI governance, shaping future global power dynamics.
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Bloomberg broke the news in United States on Friday, July 4, 2025.
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