The summit was attended by representatives from the bloc’s 11 member states: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates. This expansion of BRICS membership reflects the group’s stated aim to increase representation from the Global South.

Trump has threatened to impose 100% 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 U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

The 17th BRICS Summit concluded yesterday, attended by a delegation from the United Arab Emirates led by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. During the summit,

Trade and tariffs will be high on the agenda at the upcoming BRICS summit in Brazil, but geopolitical divisions and conflict could be distractions.

Leaders of the BRICS group of major emerging economies are meeting in the Brazilian metropolis of Rio de Janeiro on Sunday for a two-day summit. The BRICS acronym is derived from the initial letters of the founding member countries: Brazil,

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

BRICS Summit in Rio marked a new era of expansion and cooperation, with Brazil leading on global governance, AI, and climate action. Discover how new members, bold initiatives, and a strengthened India-Brazil partnership are shaping a multipolar world and driving inclusive growth for the Global South in this conversation between Aayesha Varma and Professor Oliver Stuenkel.

Trumps new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,