
Lula says BRICS do not want 'emperor'
Trump's threat on Sunday night came as the US government prepared to finalize dozens of trade deals with a range of countries before his July 9 deadline for the imposition of significant "retaliatory tariffs."
The Trump administration does not intend to immediately impose an additional 10 percent tariff against BRICS nations, as threatened, but will proceed if individual countries take policies his administration deems "anti-American," according to a source familiar with the matter.
At the end of the BRICS summit in Rio de Janeiro, Lula was defiant when asked by journalists about Trump's tariff threat, "The world has changed. We don't want an emperor."
"This is a set of countries that wants to find another way of organizing the world from the economic perspective," he said of the bloc. "I think that's why the BRICS are making people uncomfortable."
In February, Trump warned the BRICS would face "100 percent tariffs" if they tried to undermine the role of the US dollar in global trade. Brazil's BRICS presidency had already backed off efforts to advance a common currency for the group that some members proposed last year.
But Lula repeated Monday his view that global trade needs alternatives to the US dollar.
"The world needs to find a way that our trade relations don't have to pass through the dollar," Lula told journalists at the end of the BRICS summit in Rio de Janeiro.
"Obviously, we have to be responsible about doing that carefully. Our central banks have to discuss it with central banks from other countries," he added. "That's something that happens gradually until it's consolidated."
Other BRICS members also pushed back against Trump's threats more subtly.
South African President Cyril Ramaphosa told reporters that the group does not seek to compete with any other power and expressed confidence in reaching a trade deal with the US.
"Tariffs should not be used as a tool for coercion and pressuring," Mao Ning, the Chinese Foreign Ministry spokesperson said in Beijing. The BRICS advocates for "win-win cooperation," she added, and "does not target any country."
A Kremlin spokesperson said Russia's cooperation with the BRICS was based on a "common world view" and "will never be directed against third countries."
India did not immediately provide an official response to Trump.
Many BRICS members and many of the group's partner nations are highly dependent on trade with the United States.
New member Indonesia's senior economic minister, Airlangga Hartarto, who is in Brazil for the BRICS summit, is to visit the US on Monday to oversee tariff talks, an official told Reuters.
Malaysia, which was attending as a partner country and was slapped with 24 percent tariffs that were later suspended, said that it maintains independent economic policies and is not focused on ideological alignment.
With forums such as the G7 and G20 groups of major economies hamstrung by divisions and Trump's disruptive "America First" approach, the BRICS group has presented itself as a haven for multilateral diplomacy amid violent conflicts and trade wars.
In a joint statement released Sunday afternoon, leaders at the summit condemned the recent bombing of member nation Iran and warned that the rise in tariffs threatened global trade, continuing its veiled criticism of Trump's tariff policies.
Hours later, Trump warned he would punish countries seeking to join the group.
The original BRICS group gathered leaders from Brazil, Russia, India and China at its first summit in 2009. The bloc later added South Africa and last year included Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates as members.
Saudi Arabia has held off formally accepting an invitation to full membership, but is participating as a partner country. More than 30 nations have expressed interest in participating in the BRICS, either as full members or partners.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Korea Herald
8 hours ago
- Korea Herald
EV safety at center stage of global e-mobility forum in Jeju
As the global transition to electric mobility nears a tipping point, securing leadership in core safety technologies will determine whether Korea can emerge as a frontrunner in the future industry, experts said Tuesday at a global forum on green mobility. The Global e-Mobility Network Forum brought together industry experts, academics and government officials in Seogwipo, Jeju Island, to explore strategies for advancing Korea's electric mobility sector. The event hosted over a hundred attendees, including international delegates. The forum served as an official prelude to the International e-Mobility Expo 2025, which runs from Wednesday to Saturday in Seogwipo. 'With global competition intensifying, especially amid the rapid rise of Chinese battery and electric vehicle makers, innovation to enhance competitiveness is critical,' said Jung Chang-ho, head of battery performance development at Hyundai Motor Group. 'Hyundai Motor is addressing safety through a multilayered approach that integrates both hardware and software. With this technology, we aim to differentiate our batteries, underpinned by a fundamental commitment to customer safety.' Two other presenters — Park Yong-sun, director of the motor vehicle policy division at the Ministry of Land, Infrastructure and Transport, and Lee Jong-wook, mechatronics professor at Korea University of Technology and Education — also emphasized safety as a core pillar of electric mobility development. 'As battery-related fire incidents have been reported due to various causes, securing battery safety is now a crucial challenge directly tied to the technical credibility of electric mobility,' said Professor Lee. Electric vehicles, currently the fastest-evolving segment in e-mobility, are facing a slowdown in global demand, driven in part by public concerns over safety. High-profile fire incidents have raised alarm, affecting public trust in all types of high-voltage battery-powered mobility. In response, innovations are underway to enhance the battery system, including next-generation solid-state batteries and new pack configurations designed to improve thermal stability. Alongside such technological innovations, forum participants also explored broader safety strategies, including real-time vehicle-to-network communication that can alert emergency responders to potential hazards. Electric vehicle inspection infrastructure and battery certification standards were also highlighted as key measures. Following a discussion on e-mobility safety, which included the presenters and experts in law and media, the forum adopted a communique. It called for stronger links between policy and technological innovation, enhanced international cooperation and a shared response to the challenges of electrification, and the creation of a sustainable e-mobility ecosystem.


Korea Herald
9 hours ago
- Korea Herald
Global Debut! iSoftStone Digital Officially Launches as iSoftStone's New Overseas Brand
BEIJING, July 8, 2025 /PRNewswire/ -- On July 3, 2025 Global Digital Economy Conference was grandly held in Beijing. As part of the conference's signature "First Launch Global Debut" segment, iSoftStone officially introduced its new overseas brand, iSoftStone Digital, to the international market. This milestone marks the company's entry into "Going Global Expansion2.0" strategy. With a renewed positioning of driving global client value through digital technology innovation, iSoftStone Digital is opening a new chapter in its international development journey. At the launch ceremony, Mr. Liu Huifu, Director and Chief Technology Officer; Mr. Han Zhimin, President of Computing Products and Smart Electronics Business; Mr. Huang Li, President of International Business; Mr. Yin Lu, Vice President; and Mr. Li Chuan, Vice President jointly witnessed the new era of "iSoftStone Digital", marking a significant milestone in the company's global expansion strategy. As a Chinese leading enterprise in full-stack intelligent products and services, iSoftStone has always committed to global expansion, identifying "international growth" as one of its four core strategies. Over the past twenty years, the company has steadily built a global business network spanning four key regions: Southeast Asia, the Middle East, Japan, and North America. The release of this new brand is another important milestone in iSoftStone's overseas development. With a fresh brand identity, the company aims to further empower Chinese enterprises going abroad and support global clients in their digital transformation efforts. During the launch ceremony, Mr. Yin Lu delivered a comprehensive interpretation of the brand's strategic positioning and significance. He stated, "iSoftStone Digital not only carries two decades of iSoftStone's innovation and global vision, but also represents our firm commitment to empowering global clients with digital technology and building a better future together." Moving forward, iSoftStone will empower global clients with seven strategic digital solutions and innovative products from its proprietary hardware brand MECHREVO. Later, five key leaders took the stage together, placed their handprints on the brand activation panel, marking the official launch of iSoftStone Digital. iSoftStone Digital aims to enhance its global presence by integrating resources and accelerating innovation. The company will focus on creating a strong outbound ecosystem, supporting enterprises in their international growth, and becoming a benchmark for Chinese tech firms worldwide. With an emphasis on collaboration, iSoftStone Digital is committed to advancing the global digital economy.


Korea Herald
9 hours ago
- Korea Herald
Seoul shares soar nearly 2% as US-led trade talks to continue till Aug.
South Korean stocks closed higher for two sessions in a row Tuesday as investors were relieved with US President Donald Trump's letters to trade partners that extend the deadline for tariff talks to the start of next month. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index added 55.48 points, or 1.81 percent, to close at 3,114.95. Trade volume was heavy at 735.5 million shares worth 13.2 trillion won ($9.65 billion), with gainers outnumbering decliners 643 to 240. Foreign investors led the bullish mode, scooping a net 251.6 billion won worth of stocks, and institutions bought a net 21.6 billion won. However, individuals dumped a net 263.1 billion won. Earlier in the day, Trump unveiled a letter addressed to South Korean President Lee Jae Myung, saying that the United States will start imposing 25 percent tariffs on South Korean products on Aug. 1. He also sent such letters to Japan and other countries. Analysts said that the letter is negative for South Korea but it brushed off uncertainties over US tariff policies. Washington imposed country-specific reciprocal tariffs in April but placed a 90-day pause, which was set to end Tuesday. Financial and energy shares were among the biggest winners. Hana Financial Group surged 10.27 percent to 94,500 won, and Woori Financial Group soared 8.32 percent to 25,400 won. Samsung Fire & Marine Insurance jumped 5.11 percent to 463,000 won, and Kyobo Securities vaulted 9.1 percent to 9,110 won. Korea Electric Power Corp. rose 4.46 percent to 38,650 won, and Doosan Enerbility advanced 5.88 percent to 66,600 won. Carmakers also finished in positive territory, with industry leader Hyundai Motor gaining 1.2 percent to 211,000 won and its sister Kia adding 0.51 percent to 99,100 won. However, Samsung Electronics lost 0.49 percent to 61,400 won following its worse-than-expected second-quarter earnings guidance. The world's largest memory chipmaker estimated its second-quarter operating profit plunged 55.9 percent from a year earlier due to sluggish chip business and the fallout from US trade policies, missing market expectations. The local currency was quoted at 1,367.9 won against the greenback at 3:30 p.m., down 0.1 won from the previous session. (Yonhap)