&w=3840&q=100)
Brazil set to host Brics Summit, eager to avoid provoking Trump's ire
Analysts and diplomats said the lack of cohesion in an enlarged BRICS, which doubled in size last year, may affect its ability to become another pole in world affairs. They also see the summit's moderate agenda as an attempt by member countries to stay off Trump's radar.
Brazilian President Luiz Inacio Lula da Silva will have some of his priorities, such as debates on artificial intelligence and climate change, front and center for the talks with key leaders not in attendance.
China's President Xi Jinping won't attend a BRICS summit for the first time since he became his country's leader in 2012. Russian President Vladimir Putin, who will make an appearance via videoconference, continues to mostly avoid travelling abroad due to an international arrest warrant issued after Russia invaded Ukraine.
Debate over language on hot-button topics
The restraint expected in Rio de Janeiro marks a departure from last year's summit hosted by Russia in Kazan, when the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia's full-scale invasion of Ukraine in February 2022.
A source involved in the negotiations told journalists Friday that some members of the group want more aggressive language on the situation in Gaza and Israel's attack on Iran. The source spoke under the condition of anonymity because they were not authorized to speak about the matter publicly.
Brazil wants to keep the summit as technical as possible, said Oliver Stuenkel, a professor at the Getulio Vargas Foundation think tank and university.
Consequently, observers expect a vague final declaration regarding Russia's war in Ukraine and conflicts in the Middle East.
As well as suiting Brazil, a watered-down and non-controversial statement may be made easier by the absences of Putin and Xi, Stuenkel said. Those two countries have pushed for a stronger anti-Western stance, as opposed to Brazil and India that prefer non-alignment.
A Brazilian government official told The Associated Press Thursday that the group is expected to produce three joint statements and a final declaration, all of which less bounded by current geopolitical tensions. The official spoke on condition of anonymity because they were not authorized to speak publicly about the summit's preparations.
Joao 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.
The withdrawal of Egypt's President Abdel Fattah al-Sisi and the uncertainty about the level of representation for countries like Iran, Saudi Arabia and the UAE are confirming the difficulty for the BRICS to establish themselves as a cohesive pole of global leadership, Nyegray said. This moment demands high level articulation, but we are actually seeing dispersion.
Brazil skittish in light of Trump tariffs
Brazil, the country that chairs the bloc, has picked six strategic priorities for the summit: global cooperation in healthcare; trade, investment and finance; climate change; governance for artificial intelligence; peace-making and security; and institutional development.
It has decided to focus on less controversial issues, such as promoting trade relations between members and global health, after Trump returned to the White House, said Ana Garcia, a professor at the Rio de Janeiro Federal Rural University.
Brazil wants the least amount of damage possible and to avoid drawing the attention of the Trump administration to prevent any type of risk to the Brazilian economy, Garcia said.
While Brazil will continue to advocate for the reform of Western-led global institutions, a cornerstone policy of the group, the country wants to avoid becoming the target of tariffs a predicament it has so far largely escaped.
Trump has threatened to impose 100 per cent tariffs against the bloc if they take any moves to undermine the dollar.
Other leaders shun the summit
Iranian President Masoud Pezeshkian and Egypt's Abdel-Fattah el-Sissi will also be absent. Those two countries joined the BRICS in 2024, alongside Ethiopia, Indonesia and the United Arab Emirates. Saudi Arabia has been invited and is participating in member discussions, but it has yet to send its confirmation letter.
As well as new members, the bloc has 10 strategic partner countries, a category created at last year's summit that includes Belarus, Cuba and Vietnam.
That rapid expansion led Brazil to put housekeeping issues officially termed institutional development on the agenda to better integrate new members and boost internal cohesion.
Despite notable absences, the summit is important for attendees, especially in the context of instability provoked by Trump's tariff wars, said Bruce Scheidl, a researcher at the University of Sao Paulo's BRICS study group.
The summit offers the best opportunity for emerging countries to respond, in the sense of seeking alternatives and diversifying their economic partnerships, Scheidl said.
For Lula, the summit will be a welcome pause from a difficult domestic scenario, marked by a drop in popularity and conflict with Congress.
The meeting also represents an opportunity to advance climate negotiations and commitments on protecting the environment before November's COP 30 climate talks in the Amazonian city of Belem.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
25 minutes ago
- Business Standard
US tariffs to take effect on August 1, says Trump as deals near completion
US President Donald Trump announced that country-specific tariffs will officially take effect on August 1, offering brief relief to trading partners who were previously facing a July 9 deadline. Commerce Secretary Howard Lutnick confirmed the revised deadline, stating it provides countries with a final opportunity to negotiate with the US. In comments made to reporters on July 6, Trump revealed that he expects the majority of trade agreements to be finalised by July 9, according to a Reuters report. He added that while some countries would receive letters outlining higher tariffs, deals could be signed with others. Trump indicated that the letters, signalling impending tariff hikes, would begin going out on July 7, with some possibly arriving the following day. He noted that the process will involve a combination of formal letters and completed trade deals. 'I believe we'll have most countries sorted by July 9, either through a letter or a deal,' Trump said before boarding Air Force One to return to Washington after a weekend in New Jersey. 'We've also made deals, so we'll have a mix of letters and agreements in place,' Trump added, though he did not specify which countries or groups would fall into either category. Trump's Liberation Day tariffs and what followed Trump had initially announced a base tariff of 10 per cent on most of America's trading partners earlier this year, with the possibility of additional duties reaching up to 50 per cent. However, in response to growing global financial concerns, the US president delayed the full enforcement of tariffs, with only the 10 per cent increase taking effect on July 9. This new delay offers an additional three-week window for further negotiations before the full set of tariffs, including those above 10 per cent are implemented. Lutnick further clarified that, despite the new August 1 deadline, President Trump is already in the process of finalising tariff rates and trade agreements, with many of the deals expected to be concluded in the coming days. While the details of the new tariffs remain unclear, these developments highlight the Trump administration's concerted effort to reshape global trade in its favour, focusing on reducing trade deficits and securing more favourable terms for American businesses.
&w=3840&q=100)

Business Standard
25 minutes ago
- Business Standard
Trump calls Musk's America Party 'ridiculous', says doomed to fail
US President Donald Trump on Sunday dismissed Elon Musk's newly launched 'America Party' as 'ridiculous' and reiterated his support for the traditional two-party system, according to a report by Bloomberg. Responding to questions about Musk's announcement, Trump said, 'We've had tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system." "Starting a third party just adds to the confusion." He added, "Third parties have never worked. He can have fun with it." 'Off the rails': Trump calls Musk a political 'train wreck' Trump expanded on his remarks in a post on his social media platform Truth Social, calling Musk's recent political moves a 'train wreck'. 'I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a train wreck over the past five weeks,' Trump wrote. 'He even wants to start a third political party, despite the fact that they have never succeeded in the United States ,the system seems not designed for them. The one thing third parties are good for is the creation of complete and total disruption & chaos." Trump hails EV rollback, says Musk on the wrong side of policy He contrasted Musk's efforts with what he called a 'smooth-running machine' in the Republican Party, which he said had just passed a historic bill eliminating the electric vehicle (EV) mandate. 'It is a great Bill but, unfortunately for Elon, it eliminates the ridiculous EV mandate, which would have forced everyone to buy an electric car in a short period of time,' Trump said. 'I have been strongly opposed to that from the beginning. People are now allowed to buy whatever they want – gasoline-powered, hybrids (which are doing very well), or new technologies as they come about – no more EV mandate.' Musk endorsed me despite knowing EV rollback plan: Trump Trump also claimed that Musk had endorsed him fully, despite being aware of his opposition to EV mandates. 'I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned endorsement, I asked him whether or not he knew that I was going to terminate the EV mandate. It was in every speech I made. He said he had no problems with that – I was very surprised!' Trump accuses Musk of seeking influence over Nasa picks In a further swipe, Trump alleged that Musk had tried to influence appointments at Nasa. 'Elon asked that one of his close friends run Nasa and, while I thought his friend was very good, I was surprised to learn that he was a blue-blooded Democrat who had never contributed to a Republican before. Elon probably was, also. I also thought it inappropriate that a very close friend of Elon, who was in the space business, run Nasa, when Nasa is such a big part of Elon's corporate life." Last month, Trump withdrew the nomination of Jared Isaacman, a close associate of Elon Musk as Nasa administrator, following Musk's exit from his role in the Trump administration. Musk launches 'America Party' amid deepening rift Trump's remarks came a day after tech billionaire Elon Musk officially launched the America Party, a political platform he said was aimed at challenging what he called a 'one-party system' in the United States. Musk's announcement came shortly after Trump signed the 'One Big, Beautiful Bill,' a major legislative move that eliminated the federal electric vehicle mandate and marked a key milestone early in his second term. Once one of Trump's top donors during the 2024 election, Musk fell out with the President after leading cost-cutting measures as head of the Department of Government Efficiency (DOGE).
&w=3840&q=100)

Business Standard
25 minutes ago
- Business Standard
We welcome India's candidacy to host COP 33 in 2028: Brics declaration
Leaders of the Brics nations have welcomed India's candidacy to host the 33rd Conference of the Parties (COP 33) of the United Nations Framework Convention on Climate Change (UNFCCC) in the year 2028. In a joint declaration at the 17th Brics Summit on Sunday, they also expressed their commitment to remain united in the pursuit of the purpose and goals of the Paris Agreement. The joint declaration stated, "We stress our commitment to uphold multilateralism as necessary to address challenges threatening our shared planet and future such as climate change. We resolve to remain united in the pursuit of the purpose and goals of the Paris Agreement and the objectives of the UNFCCC and call on all countries to uphold their existing commitmentas Parties to the UNFCCC and its Paris Agreement and to maintain and scale up their effort to combat climate change. "We further reaffirm our steadfast commitment, in pursuit of the objective of UNFCCC, to tackle climate change by strengthening the full and effective implementation of the Paris Agreement, including its provisions related to mitigation, adaptation and the provision of means of implementation to developing countries, reflecting equity and the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances," the declaration said. "In this regard, we express our full support to the Presidency of the United Nations Framework Convention on Climate Change (UNFCCC) COP-30, which will take place in the city of Belem, in Brazil, highlighting the importance of action and cooperation on all pillars of the UNFCCC as applicable considering each country's membership and commitments thereunder. We also underscore our full commitment to a successful COP30 that will catalize progress in implementing the UNFCCC and its Paris Agreement. We welcome India's Candidacy to host COP 33 in 2028," it added. The leaders of Brics nations call for a strengthened global response to climate change, in the context of sustainable development and poverty eradication. They endorsed the Brics Climate Leadership Agenda as a statement of their resolve to exercise collective leadership through mutual empowerment, by advancing solutions that support Brics development needs and priorities, while accelerating action and enhancing cooperation towards the full implementation of the UNFCCC and its Paris Agreement. They stressed that this outcome demonstrates that multilateralism and Global South cooperation can shape a more inclusive and sustainable governance for a better future. Brics nations underscored the critical role of all types of forests. The joint declaration stated, "We underscore the critical role of all types of forests, including tropical forests, for conserving biodiversity, preserving water basins and soils and providing timber and non-timber forest products of high value for economic sectors, regulating hydrological cycles, as well as combatting desertification and serving as vital carbon sinks." "We also take note of the United for Our Forests initiative, which promotes the conservation, sustainable management, and restoration of these essential tropical ecosystems. While appreciating the efforts of our countries to preserve rare species and noting the high vulnerability of big cats, we take note of the Republic of India's initiative to create an international Big Cats Alliance and encourage Brics countries to work together to the conservation of big cats," it added. The leaders of Brics nations emphasised the urgent need to reform the governance of the Global Environment Facility (GEF) to ensure more balanced and equitable representation for developing countries, in line with the value of natural capital that these countries uphold. They also expressed support for the simplification of procedures and the facilitation of access to resources, and the participation of those directly involved in the conservation and sustainable use of ecosystems, such as Indigenous peoples and local communities, including through improved voice and vote mechanisms and equitable access to decision-making bydeveloping countries. The joint declaration stated, "We commend Brazil's Brics Chairship in 2025 and express our gratitude to the government and people of Brazil for holding the XVII Brics Summit in the city of Rio de Janeiro." The leaders also expressed full support for India's Brics Chairship in 2026 and the holding of the 18th Brics Summit in India. Prime Minister Narendra Modi, along with other leaders, attended the 17th Brics Summit in Rio de Janeiro, Brazil, on Sunday. Brazil assumed the Brics Chairship on January 1, 2025, with the theme 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance'.