Latest news with #BRICS.
Hindustan Times
6 days ago
- Business
- Hindustan Times
Brazil's President Lula plans joint statement with PM Narendra Modi, other BRICS leaders on Donald Trump's tariffs
Brazilian President Luiz Inacio Lula da Silva on Wednesday indicated his plans to call PM Narendra Modi and other leaders of the BRICS bloc in response to the tariffs imposed by US President Donald Trump. Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, He said he was planning to ring PM Narendra Modi, Chinese President Xi Jinping and other leaders of BRICS.(REUTERS) The US tariffs on Brazilian goods jumped to 50% on Wednesday, but Lula said that his country won't announce any reciprocal measures. Instead, the Brazilian President told Reuters in an interview that he was planning to ring PM Narendra Modi, Chinese President Xi Jinping and other leaders of BRICS to discuss the possibility of a joint statement on Trump's tariffs. Trump had announced that the US would impose an additional 10 per cent tariff on 'any country aligning themselves with the Anti-American policies of BRICS' with 'no exceptions'. The BRICS countries, including India, had released a joint declaration voicing 'serious concerns' about the 'rise of unilateral tariff and non-tariff measures' in an apparent jibe at the Trump administration's trade policy. Lula might be looking for a more stinging statement from BRICS this time around. Brazil President doubles down on not calling Donald Trump Brazil's President Luiz Inacio Lula da Silva is in no rush to ring the White House, doubling down on his earlier statement that he wouldn't call Donald Trump to hold talks over the tariff issue. "The day my intuition says Trump is ready to talk, I won't hesitate to call him. But today my intuition says he doesn't want to talk. And I'm not going to humiliate myself," Lula told Reuters. Lula described the US-Brazil relations at a 200-year nadir after Trump tied the new tariff to his demand for an end to the prosecution of right-wing former President Jair Bolsonaro, who is standing trial for plotting to overturn the 2022 election. The President said Brazil's Supreme Court, which is hearing the case against Bolsonaro, "does not care what Trump says and it should not," adding that Bolsonaro should face another trial for provoking Trump's intervention, calling the right-wing former president a "traitor to the homeland." "We had already pardoned the US intervention in the 1964 coup. But this now is not a small intervention. It's the president of the United States thinking he can dictate rules for a sovereign country like Brazil. It's unacceptable," Lula said. Despite Brazil's exports facing one of the highest tariffs imposed by Trump, the new US trade barriers look unlikely to derail Latin America's largest economy, giving its President more room to stand his ground against Trump than most Western leaders.
News18
17-07-2025
- Business
- News18
Trump Vs. BRICS: The State Of The China- And Russia-backed Bloc In The Trump Era News18
RICS, the coalition of emerging economies that now represents more than half of the world's population, was in U.S. President Donald Trump's crosshairs last week. Among other threats, he warned of an additional 10 percent tariff on any country 'aligning [itself] with the Anti-American policies of BRICS.'BRICS, which held its annual leaders' summit on July 6-7, has become a bugbear of Trump as the group has rapidly expanded from its original conception as Brazil, Russia, India, China, and South Africa. Although Brazil, the summit's host, attempted to focus on less contentious issues, such as climate and development, the convening still managed to draw Washington's ire. News18 Mobile App -
The South African
09-07-2025
- Politics
- The South African
Cyril Ramaphosa hails BRICS Summit as resounding success
President Cyril Ramaphosa has described the recently concluded 17th BRICS Summit held in Brazil as a resounding success. Image: X @SAgovnews Home » Cyril Ramaphosa hails BRICS Summit as resounding success President Cyril Ramaphosa has described the recently concluded 17th BRICS Summit held in Brazil as a resounding success. Image: X @SAgovnews President Cyril Ramaphosa has described the recently concluded 17th BRICS Summit as a resounding success, highlighting strengthened cooperation among member states and renewed commitment to building a more equitable global order. President Ramaphosa made the remarks during a media briefing following the conclusion of the Summit held in Rio de Janeiro, Brazil. The President commended Brazilian President, Luiz Inácio Lula da Silva, for organising the 'excellent' summit and expressed appreciation for the invitation extended to the other outreach countries to be part of the summit. Cyril Ramaphosa noted the growing interest around the world, particularly the Global South, towards BRICS.'We admitted a new member; Indonesia, and we also admitted new BRICS partner countries. There is a lot of interest in the Global South about being part of BRICS, which shows that BRICS continues to grow its voice, its reach, and by importance as well. [It] has become [a] fairly sizeable BRICS community, which already accounts for more than half of the population of the world. 'We also appreciated the fact that through BRICS we continue by respect [and] recognition, to respect the sovereignty of countries and their equalities, and that is an important consideration, as it leads to us cooperating on a number of areas,' the President said. Through the declaration, a number of areas, ranging from the governance of the world to issues like technical education, were covered. On global governance, the President said BRICS continues to respect the existence and the standing of the United Nations (UN) and called for the reform of the UN structures. The President argued that it is not acceptable that countries like India and Brazil, are excluded from participating meaningfully, and that the African continent which has 1.3 billion people is not represented in the UN Security Council. The summit also looked at the issue of climate change, calling for commitments to assist countries most affected by it, to be fulfilled. 'They should be assisted and supported through their transition to renewable energies and that countries that have made commitments particularly [in] the Global North, should live up to their commitments, with regards to ensuring that we address climate challenges that we are facing in the world,' President Ramaphosa said. On security matters, BRICS condemned the attack on countries like Iran and reiterated a call for a ceasefire in Gaza. The displacement and killings of people in Sudan was also a matter of concern for the summit which called for conflict on the African continent to be resolved through what the President called 'African solutions'. The President reiterated that BRICS is a community of countries that want to see progress in the world. 'BRICS Rio de Janeiro was very successful. We leave with very fulfilled hearts because it has added to many issues that we lead to the development of our world. 'There was also great appreciation and support for South Africa's coming G20 and recognising the importance of the G20 that encompasses so many countries in the world. We were wished great success, and we were greatly supported,' the President said. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
