{"id":41785,"date":"2025-07-05T22:08:11","date_gmt":"2025-07-05T22:08:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/41785\/"},"modified":"2025-07-05T22:08:11","modified_gmt":"2025-07-05T22:08:11","slug":"brics-countries-set-to-criticize-u-s-tariffs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/41785\/","title":{"rendered":"BRICS countries set to criticize U.S. tariffs"},"content":{"rendered":"

July 5 (UPI) — The so-called BRICS group of countries is reportedly set to issue a formal statement criticizing the United States current tariff situation when the group meets for a two-day summit in Brazil.<\/p>\n

Brazil, India, Russia, China, South Africa and the other five countries that comprise the intergovernmental organization, are expected to adopt a position of “serious concern” regarding U.S. President Donald Trump’s enactment of so-called reciprocal tariffs, Bloomberg reports, citing<\/a> sources familiar with ongoing deliberations.<\/p>\n

Leaders of the BRICS countries are in Rio de Janeiro for the group’s 17th summit<\/a> which begins Sunday and is being hosted by Brazilian President Luiz Inacio Lula da Silva.<\/p>\n

Brazil currently holds the BRICS chair position and counts the United States as its second-biggest trading partner after China.<\/p>\n

Earlier in the week, Trump confirmed U.S. tariffs<\/a> will begin July 9 when a 90-day pause is scheduled to end. The president has previously been at odds with the organization.<\/p>\n

\"Brazil,<\/p>\n

Brazil, India, Russia, China, South Africa and the other five countries that comprise the intergovernmental organization, are expected to adopt a position of \u201cserious concern\u201d regarding U.S. President Donald Trump\u2019s enactment of so-called reciprocal tariffs. Photo by Kent Nishimura\/UPI<\/p>\n

After winning the election last year and before taking office, Trump said the group would<\/a> “wave goodbye to America” if it created its own currency, adding he would also impose a 100% tariff in U.S. domestic markets if that scenario unfolded.<\/p>\n

In 2023, BRICS formally invited<\/a> Saudi Arabia and Iran to join the organization. Iran became the group’s latest member last year.<\/p>\n

Last month, BRICS issued a statement<\/a> on the U.S. bombing of Iranian nuclear facilities, using the same “grave concern” language.<\/p>\n

The organization continues its recruiting attempts.<\/p>\n

Last month, Colombia announced it would become a member of the BRICS-backed New Development Bank as the country looks to distance itself from its reliance on Western financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"July 5 (UPI) — The so-called BRICS group of countries is reportedly set to issue a formal statement…\n","protected":false},"author":3,"featured_media":41786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[4214,32948,64,79,32949,32947,5005,67,132,68],"class_list":{"0":"post-41785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-brazil","9":"tag-brics","10":"tag-business","11":"tag-economy","12":"tag-intergovernmental-organization","13":"tag-luiz-inacio-lula-da-silva","14":"tag-president-donald-trump","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114802911132640743","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/41785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=41785"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/41785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/41786"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=41785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=41785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=41785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}