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Brics Nations Voice 'Serious Concerns' About Trump Tariffs
The Straits Times
|July 07, 2025
Leaders Set to Decry Trade Duties, Say They Are Illegal and Risk Hurting Global Economy
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RIO DE JANEIRO - Brics leaders meeting in Rio de Janeiro from July 6 are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.
Emerging nations, which represent about half the world's population and 40 per cent of global economic output, are set to unite over "serious concerns" about US import tariffs, according to a draft summit statement obtained by AFP.
Since coming to office in January, Mr Trump has threatened allies and rivals alike with a slew of punitive duties.
His latest salvo comes in the form of letters informing trading partners of new tariff rates that will soon enter into force.
The draft summit declaration does not mention the US or its President by name.
But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa.
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