double-skinned crabsVietnamese crab exportergood crabexellent crab

BRICS Group Condemns Increase of Tariffs in Summit Overshadowed by Middle East Tensions

Associated Press
July 7, 2025 | 9:19 am
SHARE
India's Prime Minister Narendra Modi, second from right, chats with Brazilian President Luiz Inacio Lula da Silva during the 17th annual BRICS summit in Rio de Janeiro, Sunday, July 6, 2025. (AP Photo/Silvia Izquierdo)
India's Prime Minister Narendra Modi, second from right, chats with Brazilian President Luiz Inacio Lula da Silva during the 17th annual BRICS summit in Rio de Janeiro, Sunday, July 6, 2025. (AP Photo/Silvia Izquierdo)

Rio De Janeiro. The BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming US President Donald Trump. The group's declaration, which also took aim at Israel's military actions in the Middle East, also spared its member Russia from criticism and mentioned war-torn Ukraine just once.

The two-day summit was marked by the absences of two of its most powerful members. China’s President Xi Jinping did not attend a BRICS summit for the first time since he became his country’s leader in 2012. Russian President Vladimir Putin, who spoke via videoconference, continues to mostly avoid traveling abroad due to an international arrest warrant issued after Russia invaded Ukraine.

In an indirect swipe at the United States, the group's declaration raised “serious concerns” about the rise of tariffs which it said were “inconsistent with WTO (World Trade Organization) rules.” The BRICS added that those restrictions “threaten to reduce global trade, disrupt global supply chains, and introduce uncertainty.”

Brazil's President Luiz Inácio Lula da Silva, who hosted the summit, criticized NATO's decision to hike military spending by 5 percent of GDP annually by 2035. That sentiment was later echoed in the group's declaration.

ADVERTISEMENT

“It is always easier to invest in war than in peace,” Lula said at the opening of the summit, which is scheduled to continue on Monday.

Iran in Attendance
Iranian President Masoud Pezeshkian, who was expected to attend the summit before the attacks on his country in June, sent his foreign minister Abbas Araghchi to the meeting in Rio.

The group's declaration criticized the attacks on Iran without mentioning the US or Israel, the two nations that conducted them.

In his speech, Araghchi told leaders he had pushed for every member of the United Nations to condemn Israel strongly. He added Israel and the US should be accountable for rights violations. The Iranian foreign minister said the aftermath of the war “will not be limited” to one country.

“The entire region and beyond will be damaged,” Araghchi said.

BRICS leaders expressed “grave concern” for the humanitarian situation in Gaza, called for the release of all hostages, a return to the negotiating table and reaffirmed their commitment to the two-state solution.

Later, Iran's Araghchi said in a separate statement on messaging app Telegram that his government had expressed its reservation regarding a two-state solution in a note, saying it will not work “just as it has not worked in the past.”

Also on Telegram, Russia’s foreign ministry in another statement named the US and Israel, and condemned the “unprovoked military strikes” against Iran.

Russia Spared
The group's 31-page declaration mentions Ukraine just once, while condemning “in the strongest terms” recent Ukrainian attacks on Russia.

“We recall our national positions concerning the conflict in Ukraine as expressed in the appropriate fora, including the UN Security Council and the UN General Assembly,” the group said.

João Alfredo Nyegray, an international business and geopolitics professor at the Pontifical Catholic University in Parana, said the summit could have played a role in showing an alternative to an unstable world, but won’t do so.

“The withdrawal of Egypt’s President Abdel Fattah al-Sisi and the uncertainty about the level of representation for countries like Iran, Saudi Arabia and the UAE are confirming the difficulty for the BRICS to establish themselves as a cohesive pole of global leadership,” Nyegray said. “This moment demands high level articulation, but we are actually seeing dispersion.”

Avoid Trump's Tariffs
While Lula advocated on Sunday for the reform of Western-led global institutions, Brazil aimed to avoid becoming the target of higher tariffs.

Trump has threatened to impose 100 percent tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to US-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

Brazil decided to focus on less controversial issues in the summit, such as promoting trade relations between members and global health, after Trump returned to the White House, said Ana Garcia, a professor at the Rio de Janeiro Federal Rural University.

“Brazil wants the least amount of damage possible and to avoid drawing the attention of the Trump administration to prevent any type of risk to the Brazilian economy,” Garcia said.

BRICS was founded by Brazil, Russia, India, China and South Africa, but the group last year expanded to include Indonesia, Iran, Egypt, Ethiopia, and the United Arab Emirates.

As well as new members, the bloc has 10 strategic partner countries, a category created at last year’s summit that includes Belarus, Cuba and Vietnam.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News Oct 15, 2026 | 4:22 pm

Defying Trump, Zelensky Says Will Keep Hitting Russian Refineries

Russia on Thursday said Ukraine had attacked an oil refinery in Ryazan, south of the capital, Moscow.
News Oct 15, 2026 | 4:05 am

Ukraine Accuses US of Helping Russia as Missiles Hit Kyiv

Zelensky called on US tech billionaire Elon Musk to restore Starlink, which Kyiv says has been slowed down.
News Oct 12, 2026 | 8:03 pm

Top NATO Commander Warns Russia Any Attack Would Be 'Futile'

The strong message from NATO's top commander comes at a time of potential vulnerability for Europe.
News Oct 11, 2026 | 12:59 am

Zelensky Blasts Trump's Diesel Deal as Russian Strikes Kill 16

Trump urged Ukraine to replace Zelensky with a new leader, lashing out at him for strikes on Russian oil refineries.
News Oct 5, 2026 | 10:18 am

Bolsonaro Clan Wins Big in Multiple Brazil Polls

Flavio Bolsonaro, the eldest son of former far-right president Jair Bolsonaro, received 47% of the vote, just 2 percentage points more than Lula's 45%.
News Sep 23, 2026 | 2:26 am

Ukraine Anger as EU Lifts Sanctions on Russian Oligarchs Usmanov, Fridman

"Moscow is celebrating because it got what it wanted: a sense of impunity, the humiliation of the EU, and division among Europeans."
News Sep 18, 2026 | 12:23 am

Indonesia Pledges Protection for Citizens Deceived into Joining Russian Military

Yvonne revealed that one Indonesian believed to have joined the Russian military had sent a WhatsApp message to her personal number.
Business Sep 13, 2026 | 10:26 am

‘Currency Must Not Be Weaponized’, Prabowo Tells BRICS

Prabowo tells BRICS that "trade and currency must not be weaponized" as discussions to shift away from the dollar gain momentum.
News Sep 4, 2026 | 7:52 pm

Russia Accuses Ukraine of Recruiting Indonesian Fighters

Russia even claimed that an undisclosed number of Indonesians had lost their lives fighting for Ukraine.
News Sep 2, 2026 | 1:55 pm

Ukraine Hopes to Prevent More Indonesians From Joining Russian Army

Ukraine says it is "ready" to work with the government to prevent more Indonesians from being recruited into Russian forces.

The Latest


News 1 hours ago

UN Boss Commends Indonesian Forest Protection Despite Persistent Haze Problem

Outgoing UN boss António Guterres' comment comes at an ironic time amid Indonesia's struggle with forest fires.
News 3 hours ago

Indonesia Must Benefit Most From Its Minerals: UN Chief

Outgoing UN chief António Guterres says that Indonesia must "retain a far greater share of the economic value" from its minerals.
Special Updates 4 hours ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 4 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 5 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED