BRICS leaders have issued a warning to US President Donald Trump over his "indiscriminate" import tariffs, calling them illegal and arbitrary. The group of emerging nations, including Brazil, Russia, India, China, and South Africa, represent half the world's population and 40% of global economic output. The BRICS bloc is united in its criticism of Trump's tariff wars, which they say threaten to reduce global trade and affect economic development. The warning comes as US Treasury Secretary Scott Bessent has threatened punitive duties on partners unless deals are reached by August 1. The summit declaration does not mention the US or its president by name, but is a clear political volley directed at Trump.
https://www.victoriaadvocate.com/news/nation/brics-gather-in-rio-as-trump-tariff-wars-loom/article_42a12888-0e7f-55f4-9e28-43ac98e9daf8.htmlThe BRICS nations, comprising Brazil, Russia, India, China, and South Africa, have expressed serious concerns over the US' unilateral imposition of high tariffs and non-tariff measures that are inconsistent with World Trade Organisation (WTO) rules. The Finance Ministers and Central Bank Governors of the five nations emphasized their resilience in the face of these challenges and pledged to safeguard a non-discriminatory, open, fair, inclusive, equitable, and rules-based multilateral trading system with the WTO at its core.
https://www.lokmattimes.com/business/brics-raises-serious-concerns-on-us-unilateral-imposition-of-high-tariffs-inconsistent-with-wto-rules/Indian Prime Minister Modi emphasized the need to reform institutions like the UN Security Council, WTO, and multilateral development banks. He stated that India is committed to working with BRICS countries on all matters and providing constructive contributions. In contrast, Brazilian President Lula described the world as witnessing the collapse of multilateralism, occurring in a challenging global scenario.
https://www.firstpost.com/world/you-cant-run-21st-century-software-on-20th-century-typewriters-pm-modi-calls-for-overhaul-of-global-institutions-at-brics-summit-13903708.htmlPakistan's Additional Foreign Secretary reaffirmed commitment to strengthening ties with Poland through various fields such as trade and investment, energy, security, science and technology, agriculture, migration, and higher education. High-level visits, parliamentary exchanges, and dialogue were agreed upon to enhance collaboration. Discussions focused on regional and global issues like South Asia, the Middle East, and Europe, with convergence on key issues at multilateral forums such as the United Nations. The next round of consultations will be held in Islamabad in 2026.
https://www.brecorder.com/news/40371280/9th-round-of-bpc-in-warsaw-pakistan-poland-explore-new-avenues-for-economic-tiesUS Ambassador to NATO urging Iran to seek peace with the US, Israel amid domestic terror concerns. The ambassador's comments come as the US has been grappling with domestic terrorism issues. Meanwhile, Trump met with Saudi defense minister in a secret meeting, reportedly discussing de-escalation efforts. In Ukraine, President Zelenskyy touted a "fruitful" call with Trump after expressing disappointment over Putin's stance.
https://www.foxnews.com/world/zelenskyy-touts-fruitful-trump-call-after-us-president-disappointed-putin-talkUS officials are negotiating with Japan, South Korea, the European Union, India, and Vietnam over tariffs on automobiles and their components. Trump has made unilateral threats to strike fear into trading partners, but details of agreements remain unclear. The US stock market is concerned about new trade barriers, which could re-ignite fears of a recession. EU member states were briefed on negotiations after talks in Washington, with Japanese Prime Minister Shigeru Ishiba saying Japan will "stand firm" and defend its interests. Cambodia has agreed to a framework agreement with the US, while India signals a tougher stance, threatening levies on some US goods.
https://www.thestar.com.my/aseanplus/aseanplus-news/2025/07/06/us-trade-partners-race-for-deals-as-trump-readies-tariff-notices-on-monday-july-7Brazil hosted a BRICS summit, attended by new members and strategic partners including Belarus, Cuba, and Vietnam. The event aimed to address institutional development and integrate new members, amid instability sparked by Trump's tariff wars. Researchers like Bruce Scheidl see the summit as an opportunity for emerging countries to diversify economic partnerships. The meeting also coincided with protests against Iran's policies on LGBTQ+ rights and Brazil's plans for offshore oil drilling near the Amazon River, while President Lula views it as a welcome break from domestic challenges and a chance to advance climate negotiations ahead of November's COP 30 talks in Belem.
https://globalnews.ca/news/11277154/brics-summit-trump-trade-war-middle-east-tensions/South Korea is seeking a package deal with the US to exempt or reduce tariffs and duties on imported cars, steel, and other products. The country's trade negotiations with Washington are ongoing, led by officials who aim for mutually beneficial solutions. Despite uncertainties, South Korean officials will continue talks until they achieve a favorable outcome that protects national interests.
https://www.gulftoday.ae/business/2025/07/06/south-korea-proposes-ways-to-deepen-manufacturing-cooperation-in-trade-talks-with-us-ministryUS President Trump has imposed a 10% tariff on imports from most trading partners and plans to increase rates on dozens of economies, including Japan, unless trade deals are reached by July 9. Trump wants Japan to accept more US automobiles and rice, and has proposed a 30-35% tariff rate for the country. Tokyo's trade envoy Ryosei Akazawa held phone calls with US Commerce Secretary Howard Lutnick as part of negotiations.
https://www.malaymail.com/news/world/2025/07/06/japan-wont-back-down-in-tariff-showdown-with-trump-says-pm-ishiba/183013