• Home
  • About Us
  • Contact
  • Term Of Use
  • Privacy Policy
Subscribe
bankingfortunes.com
  • Home
  • Economic Policies
  • Investment Market
  • Financial Context
  • Asset Management
  • Politics
  • Sports
  • Technology
  • Health
  • Contact Us
    • Terms of Use
    • About Us
    • Privacy Policy
🔥
  • Top stories
Aa
bankingfortunes.combankingfortunes.com
  • My Saves
  • My Interests
  • My Feed
  • History
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Home
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Home
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Home
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Home
  • Home
  • Categories
  • Categories
  • Demos
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Demos
  • Demos
  • More Foxiz
    • Blog Index
    • Forums
    • Complaint
    • Sitemap
  • Categories
  • More Foxiz
    • Blog Index
    • Forums
    • Complaint
    • Sitemap
  • Categories
  • Categories
  • Categories
  • Bookmarks
  • Bookmarks
  • Bookmarks
  • More Foxiz
    • Sitemap
  • More Foxiz
    • Sitemap
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
bankingfortunes.com > Blog > Economy > BRICS Foreign Ministers Convene in Rio to Confront Trump’s Tariff Threats, with Indonesia Joining as New Member
EconomyPolitics

BRICS Foreign Ministers Convene in Rio to Confront Trump’s Tariff Threats, with Indonesia Joining as New Member

4 Min Read
SHARE

Rio de Janeiro, April 28, 2025 – Foreign ministers from the expanded BRICS bloc met in Rio de Janeiro this week to coordinate a united response to recent U.S. tariff measures and to signal their determination to defend multilateral trade norms. Under Brazil’s 2025 BRICS presidency, delegations from the original five members—Brazil, Russia, India, China, and South Africa—were joined by six newcomers, including Indonesia, Egypt, Saudi Arabia, the UAE, Ethiopia, and Iran, for the two-day gathering.

The summit was precipitated by a raft of trade actions announced by President Donald Trump over the past months. In January, Washington imposed punitive duties of up to 145 percent on certain Chinese exports, before warning that any BRICS initiative to reduce reliance on the U.S. dollar could trigger further levies. “There is no chance that BRICS will replace the U.S. dollar in international trade, or anywhere else, and any country that tries should say hello to tariffs, and goodbye to America!” Trump declared on his Truth Social platform.

Meeting at the Itamaraty Palace, BRICS ministers discussed the formulation of a joint communiqué sharply criticizing unilateral trade restrictions while stopping short of direct confrontation. Chinese Foreign Minister Wang Yi pressed for language that would “unequivocally condemn protectionism,” whereas Brazil’s Celso Amorim—counsel to President Lula da Silva on foreign affairs—urged a more measured approach, mindful of maintaining dialogue with the United States.

Indonesia, which formally acceded as the bloc’s tenth full member earlier this year, made its inaugural appearance at the ministerial level. Foreign Minister Sugiono emphasized Jakarta’s commitment to “strengthening South-South cooperation” and to “upholding the principles of open, rules-based trade”—a clear rebuttal to Trump’s America First tariff policies. “We believe collective action, not coercive measures, is the best path to sustainable economic growth for all,” he stated at a press briefing on the summit’s sidelines.

Beyond trade, delegates also addressed the critical issue of climate finance. With the UN climate summit scheduled to take place in Brazil later this year, BRICS ministers pledged to flesh out proposals for scaling up green energy funding in emerging economies, arguing that wealthier nations must bear a larger share of the transition costs.

Russia’s Foreign Minister Sergey Lavrov framed the Tariff threats as symptomatic of a broader shift toward unilateralism in Washington. “When one partner uses its economic might as a weapon,” Lavrov warned, “it imperils the very foundations of international cooperation that have underpinned global prosperity for decades.”

South Africa’s Naledi Pandor, meanwhile, highlighted the potential ripple effects on developing-country supply chains, cautioning that retaliatory measures could disrupt food and commodity exports critical to many economies across Africa and Asia. “Our shared priority must be to preserve market access and investment flows for the most vulnerable,” she argued.

At the conclusion of the Rio meeting, ministers agreed to circulate a draft joint statement to their capitals by early May. The final communique is expected to reaffirm each country’s sovereignty over monetary and trade policy while urging the United States to return to multilateral negotiation forums such as the World Trade Organization.

Looking ahead, attention will shift to the full BRICS summit set for July in Salvador, Bahia, where heads of state will weigh the ministerial recommendations and potentially endorse a broader action plan. For Indonesia, the momentum in Rio marks a significant diplomatic milestone, underscoring Jakarta’s rising profile in global economic governance—and its readiness to stand alongside other emerging powers in contesting unilateral trade coercion.

bankingfortunes.com
Share This Article
Twitter Email Copy Link Print
Previous Article Navigating Geopolitical Tides: Indonesia’s Economic Balancing Act with China and the US
Next Article Putin Declares Surprise Three-Day Ceasefire in Ukraine, Sparks Global Skepticism
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

World Wide

Sports

Dean Huijsen: The Rising Defensive Star and Real Madrid’s New Fortress Background and Early Career

Dean Donny Huijsen, born on April 14, 2005, in Amsterdam, Netherlands, is a young and promising center-back who has quickly…

Politics

Elon Musk Wears Two Hats at President Donald Trump’s Cabinet Meeting on April 30, 2025

On Wednesday, April 30, 2025, Elon Musk made headlines by attending a White House Cabinet meeting with President Donald Trump…

World

Mexican Navy Training Ship Collides with Brooklyn Bridge: 2 Dead, 20 Injured in New York

On Saturday, May 17, 2025, a tragic maritime accident occurred when the Mexican Navy training ship Cuauhtemoc collided with the…

Trending On

Iberian Peninsula Plunged into Darkness: A Critical Examination of the April 2025 Blackout

On Monday, April 28th, 2025, the Iberian Peninsula experienced a widespread power outage, crippling essential…

Debt Amortization Trading Mechanism

Debt Amortization Trading is a concept in the world of finance that is related to…

Three Leaves to Naturally Manage Uric Acid Levels

Uric acid buildup in the body can lead to gout and other health issues, causing…

U.S. AI Leads, China Closes Gap

On May 10, 2025, during a high-profile hearing before the United States Senate, Sam Altman,…

Shanghai Streets Filled with Unitree Go2 Robot Dogs: A Sign of China’s Rapid Robotics and AI Progress

In recent months, the streets of Shanghai have witnessed an unusual yet fascinating sight: Unitree…

Krugerrand Coin Design and Characteristics

Introduction to the Krugerrand The Krugerrand is a gold coin that was first introduced to…

Examples and Implications of Using Credit Spreads in Investment

Credit Spread is a term used in the financial world to describe the difference in…

Two Tech Tycoons, Elon Musk and Mark Zuckerberg, United in Predicting the Demise of Smartphones

In a rare moment of consensus, Elon Musk and Mark Zuckerberg—leaders of Neuralink and Meta,…

Israel to Mobilize 10,000 Reserve Troops for New Offensive

In response to escalating tensions and ongoing conflict, Israel has announced plans to mobilize 10,000…

TechnologyWorld

Mark Zuckerberg Declares the End of the Social Media Era Amidst FTC Antitrust Trial Against Meta

In 2025, Meta CEO Mark Zuckerberg made a striking admission during the ongoing Federal Trade Commission (FTC) antitrust trial: the…

6 Min Read
Health

After Over 70 Years of Study, Diabetes Now Recognized to Have Five Distinct Types by the International Diabetes Federation (IDF)

Diabetes, a chronic metabolic disorder characterized by high blood sugar levels, has long been classified primarily into two main types:…

5 Min Read
Economic Policies

Introduction to the Greenback and USD

Greenback is a term originating in the United States to designate dollar bills that began to be issued during the…

12 Min Read
Economy

Bitcoin Price Remains Stable Amid Global Economic Uncertainty

In the midst of ongoing global economic uncertainty, Bitcoin has demonstrated remarkable price stability, defying expectations of high volatility often…

5 Min Read
PoliticsWorld

Israeli Airstrikes in Gaza Kill at Least 146 Palestinians in 24 Hours Amid Escalating Conflict

In the past 24 hours, the Israeli military has conducted a series of intense airstrikes on the Gaza Strip, resulting…

4 Min Read
Politics

A Troubling Alliance: North Korea’s Alleged Military Intervention in Ukraine

On April 28, 2025, reports surfaced alleging North Korea's unprecedented deployment of military forces to aid Russia in its ongoing…

4 Min Read
Health

7 Habits That Cause Decline in Brain Function

Maintaining optimal brain health is essential for cognitive performance, memory, and overall quality of life. However, certain everyday habits can…

3 Min Read
Politics

The Implications of Israel’s Announcement on the Killing of Hamas Leader Mohammed Sinwar

On Wednesday, May 21, 2025, Israeli Prime Minister Benjamin Netanyahu publicly declared that Israeli forces had successfully killed Mohammed Sinwar,…

5 Min Read
bankingfortunes.com
Facebook Twitter Youtube Rss Medium

Greetings to you

BankingFortunes: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, business, and more. Your reliable source for 24/7 news.

Top Categories
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Economic Policies
  • Investment Market
  • Financial Context
  • World
  • Politics
  • Sports
  • Economy
  • Technology
  • Health
  • Asset Management

Address

Bahnhofstrasse 26A, 8001 Zürich, Switzerland. +41 44 220 15 17

© BankingFortunes Network.  2019 – 2025. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?