The Fort Worth Press - BRICS nations to denounce Trump tariffs

USD -
AED 3.672498
AFN 62.999725
ALL 80.627789
AMD 363.040076
ANG 1.790365
AOA 918.000247
ARS 1515.985797
AUD 1.423133
AWG 1.8
AZN 1.700325
BAM 1.71977
BBD 2.014306
BDT 123.289177
BGN 1.683441
BHD 0.377028
BIF 3012.807267
BMD 1
BND 1.279847
BOB 12.085376
BRL 5.1808
BSD 1.000119
BTN 95.910598
BWP 13.673072
BYN 3.044111
BYR 19600
BZD 2.011325
CAD 1.41167
CDF 2309.999921
CHF 0.827635
CLF 0.024456
CLP 965.659512
CNY 6.71135
CNH 6.71454
COP 3289.84
CRC 454.67135
CUC 1
CUP 26.5
CVE 96.957999
CZK 21.462899
DJF 178.083758
DKK 6.576255
DOP 59.432581
DZD 133.877131
EGP 51.778198
ERN 15
ETB 163.34979
EUR 0.879691
FJD 2.24975
FKP 0.754629
GBP 0.756395
GEL 2.615019
GGP 0.754629
GHS 11.590355
GIP 0.754629
GMD 73.99991
GNF 8795.817964
GTQ 7.637756
GYD 209.235666
HKD 7.84265
HNL 26.840946
HRK 6.628701
HTG 130.885334
HUF 322.105499
IDR 17964
ILS 3.04826
IMP 0.754629
INR 95.97815
IQD 1310.172301
IRR 1374575.000271
ISK 121.4101
JEP 0.754629
JMD 157.732063
JOD 0.708984
JPY 158.825499
KES 129.549778
KGS 87.449701
KHR 4068.37186
KMF 433.000167
KPW 900.000318
KRW 1367.720226
KWD 0.30889
KYD 0.833348
KZT 441.759759
LAK 22415.75627
LBP 89553.909393
LKR 330.087184
LRD 172.006612
LSL 16.429705
LTL 2.95274
LVL 0.60489
LYD 6.396131
MAD 9.575819
MDL 17.795832
MGA 4384.028981
MKD 54.094692
MMK 2099.566963
MNT 3597.939506
MOP 8.078394
MRU 40.034469
MUR 47.780009
MVR 15.450445
MWK 1734.061354
MXN 17.583803
MYR 4.085496
MZN 63.910102
NAD 16.429561
NGN 1326.07021
NIO 36.808252
NOK 9.49055
NPR 153.46825
NZD 1.763845
OMR 0.384504
PAB 1.000066
PEN 3.388188
PGK 4.455485
PHP 62.746027
PKR 277.092073
PLN 3.854265
PYG 5926.499101
QAR 3.6455
RON 4.643295
RSD 103.321041
RUB 85.042159
RWF 1479.504809
SAR 3.756357
SBD 8.000512
SCR 13.765264
SDG 601.496346
SEK 9.908605
SGD 1.27989
SHP 0.755002
SLE 24.649967
SLL 20969.491881
SOS 571.546649
SRD 37.822499
STD 20697.981008
STN 21.542912
SVC 8.750973
SYP 13002.000254
SZL 16.42566
THB 33.476502
TJS 9.215477
TMT 3.51
TND 2.958465
TOP 2.40776
TRY 48.8436
TTD 6.801985
TWD 31.795498
TZS 2645.003034
UAH 45.026248
UGX 3925.206526
UYU 40.068936
UZS 11810.999389
VES 852.43145
VND 25992
VUV 118.51472
WST 2.751818
XAF 577.03916
XAG 0.015725
XAU 0.000234
XCD 2.70255
XCG 1.802315
XDR 0.707052
XOF 577.03916
XPF 104.867465
YER 236.650243
ZAR 16.43624
ZMK 9001.20406
ZMW 19.450905
ZWL 321.999592
SSP 5712.591861
MXV 1.992755
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

BRICS nations to denounce Trump tariffs
BRICS nations to denounce Trump tariffs / Photo: © AFP

BRICS nations to denounce Trump tariffs

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump's hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East.

Text size:

Emerging nations representing about half the world's population and 40 percent of global economic output are set to unite over what they see as unfair US import tariffs, according to sources familiar with summit negotiations.

Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive tariffs.

His latest salvo comes in the form of letters due to be sent starting Friday informing trading partners of new tariff rates expected next week on July 9.

Diplomats from 11 emerging nations, including Brazil, Russia, India, China and South Africa, have been busy drafting a statement condemning the economic uncertainty.

Any final summit declaration is not expected to mention the United States or its president by name. But it is expected to be a clear political shot directed at Washington.

"We're anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration," Marta Fernandez, director of the BRICS Policy Center at Rio's Pontifical Catholic University said.

This is particularly the case for China, which has only recently negotiated with the US to lower steep tit-for-tat levies.

"This doesn't seem to be the right time to provoke further friction" between the world's two leading economies, Fernandez said.

- Xi 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 Western power.

But the summit's political punch will be depleted by the absence of China's Xi Jinping, who is skipping the annual meeting for the first time in his 12 years as president.

"I expect there will be speculation about the reasons for Xi's absence," said Ryan Hass, a former China director at the US National Security Council who is now with the Brookings Institution think tank.

"The simplest explanation may hold the most explanatory power. Xi recently hosted Lula in Beijing," said Hass.

The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.

Hass said Putin's non-attendance and the fact that India's prime minister will be a guest of honor in Brazil could also be factors in Xi's absence.

"Xi does not want to appear upstaged by Modi," who will receive a state lunch, he said.

"I expect Xi's decision to delegate attendance to Premier Li (Qiang) rests amidst these factors."

Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.

In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year, in which he is expected to run.

- Middle path -

Iran's President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel is also skipping the meeting.

A source familiar with the negotiations said the BRICS countries were still in disagreement over how to respond to the wars in Gaza and between Iran and Israel.

Iranian negotiators are pushing for a tougher collective stance that goes beyond referencing the need for the creation of a Palestinian state and for disputes to be resolved peacefully.

Artificial intelligence and health will also be on the agenda at the summit.

Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, by Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia and Indonesia.

Analysts say that it has given the grouping more potential international punch.

But it has also opened many new fault lines.

Brazil hopes that countries can take a common stand at the summit, including on the most sensitive issues.

"BRICS (countries), throughout their history, have managed to speak with one voice on major international issues, and there's no reason why that shouldn't be the case this time on the subject of the Middle East," Brazil's Foreign Minister Mauro Vieira told AFP.

S.Jordan--TFWP