US EditionBRICS Leaders at Rio Summit Warn Multilateralism ‘Under Attack’ as Trump Tariffs Loom
- BRICS leaders gathered in Rio de Janeiro on July 6-7, 2025, for a two-day summit at the Museu do Amanhã to discuss global economic and geopolitical challenges.
- The summit occurs amid rising unilateral US tariffs under President Trump, prompting BRICS to unite over serious concerns about protectionism and global trade disruptions.
- Leaders condemned military attacks on Iran, Gaza, and Kashmir, debated a tougher stance on Middle East conflicts, and endorsed reforms for multilateral institutions and WTO dispute mechanisms.
- The joint statement warned that unilateral tariff measures threaten global trade and economic development while backing a BRICS Multilateral Guarantees initiative to boost investment via their New Development Bank.
- BRICS’ expanded membership—now including 11 countries representing over half the world’s population and 40% of global GDP—reflects its growing diplomatic weight and ambition to reform global governance.
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BRICS Raises Serious Concerns on US' Unilateral Imposition of High Tariffs, Inconsistent with WTO Rules
Get latest articles and stories on Business at LatestLY. The Finance Ministers and Central Bank Governors (FMCBG) of the BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, in apparent reference to the US, which they deemed inconsistent with World Trade Organisation (WTO) rules. Business News | BRICS Raises Serious Concerns on US' Unilateral Imposition of High Tariffs, Inconsistent wit…
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BRICS gather in Rio as Trump tariff wars loom
BRICS leaders descended on sunny Rio de Janeiro Sunday, ready to issue a dark warning that US President Donald Trump's "indiscriminate" import tariffs risk hurting the global economy.
·Calhoun, United States
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Total News Sources22
Leaning Left4Leaning Right5Center4Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 31%
C 31%
R 38%
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