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BRICS Set to Condemn Trade-Distorting Tariffs in Swipe at Trump

July 5, 2025, 3:07 PM UTC
Mirette Magdy
Mirette Magdy
Bloomberg News
S'thembile Cele
S'thembile Cele
Bloomberg Editorial

BRICS leaders are poised to adopt a position at odds with President Donald Trump on trade tariffs, conflict in the Middle East and global arms spending, even as they shy away from any direct challenge to the US.

In a draft statement prepared for their meeting in Brazil starting Sunday, leaders agreed to voice “serious concerns” about the rise of unilateral tariff and non-tariff measures “which distort trade and are inconsistent with WTO rules,” according to a version of the final text.

Donald Trump’s “America first” mantra has created an opening for the BRICS to challenge the US-led world order. But with a lack of shared values and identity, can this group become a meaningful force? Source: Bloomberg

The government chiefs additionally agreed to “condemn the imposition of unilateral coercive measures ...

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