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    Home»Economy»Business»BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions
    Business

    BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions

    Gulf News WeekBy Gulf News WeekJuly 7, 2025No Comments3 Mins Read
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    BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions
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    RIO DE JANEIRO (news agencies) — The BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group’s declaration, which also took aim at Israel’s military actions in the Middle East, also spared its member Russia from criticism and mentioned war-torn Ukraine just once.

    The two-day summit was marked by the absences of two of its most powerful members. China’s President Xi Jinping did not attend a BRICS summit for the first time since he became his country’s leader in 2012. Russian President Vladimir Putin, who spoke via videoconference, continues to mostly avoid traveling abroad due to an international arrest warrant issued after Russia invaded Ukraine.

    In an indirect swipe at the U.S., the group’s declaration raised “serious concerns” about the rise of tariffs which it said were “inconsistent with WTO (World Trade Organization) rules.” The BRICS added that those restrictions “threaten reduce global trade, disrupt global supply chains, and introduce uncertainty.”

    Brazil’s President Luiz Inácio Lula da Silva, who hosted the summit, criticized NATO’s decision to hike military spending by 5% of GDP annually by 2035. That sentiment was later echoed in the group’s declaration.

    “It is always easier to invest in war than in peace,” Lula said at the opening of the summit, which is scheduled to continue on Monday.

    Iranian President Masoud Pezeshkian, who was expected to attend the summit before the attacks on his country in June, sent his foreign minister Abbas Araghchi to the meeting in Rio.

    The group’s declaration criticized the attacks on Iran without mentioning the U.S. or Israel, the two nations that conducted them.

    In his speech, Araghchi told leaders he had pushed for every member of the United Nations to condemn Israel strongly. He added Israel and the U.S. should be accountable for rights violations. The Iranian foreign minister said the aftermath of the war “will not be limited” to one country.

    “The entire region and beyond will be damaged,” Araghchi said.

    BRICS leaders expressed “grave concern” for the humanitarian situation in Gaza, called for the release of all hostages, a return to the negotiating table and reaffirmed their commitment to the two-state solution.

    Later, Iran’s Araghchi said in a separate statement on messaging app Telegram that his government had expressed its reservation regarding a two-state solution in a note, saying it will not work “just as it has not worked in the past.”

    Also on Telegram, Russia’s foreign ministry in another statement named the U.S. and Israel, and condemned the “unprovoked military strikes” against Iran.

    The group’s 31-page declaration mentions Ukraine just once, while condemning “in the strongest terms” recent Ukrainian attacks on Russia.

    “We recall our national positions concerning the conflict in Ukraine as expressed in the appropriate fora, including the U.N. Security Council and the U.N. General Assembly,” the group said.

    João Alfredo Nyegray, an international business and geopolitics professor at the Pontifical Catholic University in Parana, said the summit could have played a role in showing an alternative to an unstable world, but won’t do so.

    Abbas Araghchi Abdel-Fattah el-Sissi Ana Garcia Brazil government Bruce Scheidl Climate Climate change Donald Trump General news International trade Iran Israel-Iran war Joo Alfredo Nyegray Latin America Luiz Incio Lula da Silva Masoud Pezeshkian Middle East North Atlantic Treaty Organization Political and civil unrest Politics Russia government Tariffs and global trade Vladimir Putin World news World Trade Organization Xi Jinping
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    Israel strikes southern Lebanon as Hezbollah condemns new deal The strike comes a day after Israel and the Lebanese government signed a US-brokered framework agreement.47 mins agoMiddle East

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