EconomyLens.com
No Result
View All Result
Saturday, March 21, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

BRICS nations slam Trump tariffs, condemn strikes on Iran

Emma Reilly by Emma Reilly
July 7, 2025
in Economy
Reading Time: 6 mins read
A A
0
33
SHARES
408
VIEWS
Share on FacebookShare on Twitter

Brazil's President Luiz Inacio Lula da Silva (C) speaks at the BRICS summit in Rio de Janeiro, Brazil, on July 6, 2025. ©AFP

Rio de Janeiro (Brazil) (AFP) – BRICS leaders at a summit on Sunday took aim at US President Donald Trump’s “indiscriminate” import tariffs and recent Israeli-US strikes on Iran.The 11 emerging nations — including Brazil, Russia, India, China and South Africa — account for about half the world’s population and 40 percent of global economic output.The bloc is divided about much, but found common cause when it comes to the mercurial US leader and his stop-start tariff wars — even if it avoided naming him directly.Voicing “serious concerns about the rise of unilateral tariff” measures, BRICS members said the tariffs risked hurting the global economy, according to a summit joint statement.Trump fired back at the bloc directly on social media Sunday night. “Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff.There will be no exceptions to this policy,” Trump wrote on his Truth Social platform.Earlier, BRICS also offered symbolic backing to fellow member Iran, condemning a series of military strikes on nuclear and other targets carried out by Israel and the United States.In April, Trump threatened allies and rivals alike with a slew of punitive duties, before offering a months-long reprieve in the face of a fierce market sell-off.Trump has warned he will impose unilateral levies on partners unless they reach “deals” by August 1.In an apparent concession to US allies such as Brazil, India and Saudi Arabia, the summit declaration did not criticize the United States or its president by name at any point.  – No show -Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to US and western European power.But as the group has expanded to include Iran, Saudi Arabia and others, it has struggled to reach meaningful consensus on issues from the Gaza war to challenging US global dominance.BRICS nations, for example, collectively called for a peaceful two-state solution to the Israel-Palestinian conflict — despite Tehran’s long-standing position that Israel should be destroyed. An Iranian diplomatic source said his government’s “reservations” had been conveyed to Brazilian hosts.Still, Iran — a BRICS member since 2023 — stopped short of rejecting the statement outright.The bloc also called for an “immediate” ceasefire and the “full withdrawal of Israeli forces” from the Gaza Strip, where Israel has been at war with Palestinian militant group Hamas for 21 months. Hamas’s armed wing welcomed BRICS’s position, calling on them to “exert pressure” on Israel to “lift the criminal siege imposed on two and a quarter million people.”In perhaps a further sign of the diplomatic sensitivities, Saudi Arabia’s foreign minister skipped Sunday’s discussions entirely, according to a Brazilian government source.Saudi Arabia is among the world’s leading beneficiaries of high-tech US military exports and is a long-standing US partner.The political punch of this year’s summit has been depleted by the absence of China’s Xi Jinping, who skipped the meeting for the first time in his 12 years as president.The Chinese leader is not the only notable absentee. Russian President Vladimir Putin, charged with war crimes in Ukraine, also opted to stay away, participating via video link.He told counterparts that BRICS had become a key player in global governance.The summit also called for regulation governing artificial intelligence and said the technology could not be the preserve of only rich nations.The commercial AI sector is currently dominated by US tech giants, although China and other nations have rapidly developing capacity.

© 2024 AFP

Related

After Cuba beckons, Miami entrepreneurs are mostly reluctant to invest in the island

German auto exports to China plunged a third in 2025: study

Far from war, global fuel frustrations mount

Middle East war: global economic fallout

Ship crews ration food in Iran blockade: seafarers

Tags: bricsglobal economytariffs
Share13Tweet8Share2Pin3Send
Previous Post

US tariffs to kick in Aug 1 barring trade deals: Treasury Secretary

Next Post

US tariffs to kick in Aug 1, barring trade deals

Emma Reilly

Emma Reilly

Related Posts

Economy

Weakened WTO set for high-level meet under cloud of Mideast war

March 20, 2026
Economy

Trump gets approval for gold coin in his likeness

March 19, 2026
Economy

Middle East war weighs on global trade outlook: WTO

March 19, 2026
Economy

IMF raises concern over global inflation, output over Iran war

March 19, 2026
Economy

Oil soars 10% after Qatar energy sites hit in Mideast war

March 19, 2026
Economy

Middle East war: global economic fallout

March 20, 2026
Next Post

US tariffs to kick in Aug 1, barring trade deals

Visa's 24/7 war room takes on global cybercriminals

Asian markets drop as Trump's tariff deadline looms

Trump says to send first tariff letters on Monday

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

BTS fans take over central Seoul for K-pop kings’ comeback

March 21, 2026

After Cuba beckons, Miami entrepreneurs are mostly reluctant to invest in the island

March 21, 2026

BTS takes over central Seoul for comeback concert

March 20, 2026

US jury finds Elon Musk misled Twitter shareholders

March 21, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.