• 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

Financial Context

How Unit Linked Insurance Plans (ULIP) Work

Definition and Introduction of ULIP Unit Linked Insurance Plan (ULIP) is a revolutionary insurance product that combines life insurance with…

Health

5 Optimal Times to Drink Coconut Water for Maximum Health Benefits

Introduction Coconut water, the clear liquid inside young green coconuts, has surged in popularity as a natural health elixir. Packed…

Politics

Saudi Arabia Offers Mediation in India-Pakistan Conflict

On May 2025, Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, made a significant diplomatic move by offering to mediate…

Trending On

Tech Giant Huawei Partners with AI Innovator Deepseek to Accelerate Artificial Intelligence Development

Huawei Technologies, one of the world’s leading technology companies, has announced a strategic partnership with…

Israeli Democratic Party Leader Yair Golan Condemns Netanyahu’s Brutal Gaza Offensive Amid Rising Palestinian Casualties

On Tuesday, May 20, 2025, Yair Golan, the Chairman of Israel’s Democratic Party, delivered a…

The Impact of The Cost of Worry on Economic Decisions

Definition and Basic Concepts of The Cost of Worry The Cost of Worry is a…

Polish Ambassador Jan Tombiński Rejects Germany’s Plan to Tighten Border Controls, Citing Disruption to Bilateral Access

Jan Tombiński, the Polish Ambassador to Germany, has publicly opposed the new German government’s proposal…

Investment Strategies Amid Rising Gold Prices

Gold has long been regarded as a safe-haven asset, especially during times of economic uncertainty,…

The importance of adaptation in forex trading strategies

Introduction: Explains the importance of adaptation in forex trading strategies In the world of forex…

Essential List of Prohibited Items on Flights You Need to Know

Traveling by air requires awareness of certain restrictions to ensure safety and compliance with airline…

The Diplomatic Nuance of Representation: Joko Widodo Attending a Papal Funeral in Rome

The potential delegation of former Indonesian President Joko Widodo by incumbent President Prabowo Subianto to…

Why Newly Elected Popes Choose a New Name Upon Their Coronation

The tradition of newly elected popes adopting a new name dates back centuries and carries…

Politics

Canadian Prime Minister Justin Trudeau Meets Donald Trump to Firmly Assert “Canada Is Not for Sale”

On Tuesday, May 6, 2025, Canadian Prime Minister Justin Trudeau held a high-profile meeting with former U.S. President Donald Trump…

6 Min Read
World

Skytrax Names Changi Airport Singapore as the World’s Best for Airport Toilets

On May 2025, the renowned London-based aviation consultancy Skytrax awarded Singapore’s Changi Airport the prestigious title of having the best…

5 Min Read
PoliticsWorld

Houthi Militia Claims U.S. Launched 10 Attacks on Yemen Following Strikes on Israel’s Main Airport

On Monday, May 5, 2025, the Houthi militia in Yemen claimed that the United States had launched ten separate military…

3 Min Read
Technology

Kaspersky Reports Surge in Ransomware Attacks Targeting Middle East and Asia-Pacific in 2025

In 2025, the cybersecurity landscape continues to face significant challenges, with ransomware attacks rising sharply across various regions of the…

5 Min Read
Health

Three Types of Leaves That Support Bone Health and Are Ideal for Aging Individuals

As people age, maintaining strong and healthy bones becomes increasingly important to prevent conditions such as osteoporosis and fractures. Nutrition…

6 Min Read
Politics

Leaked Meeting Reveals Netanyahu’s Controversial Remarks on Gaza Attack as a Step to Expel Palestinians

  On Sunday, May 11, 2025, Israeli Prime Minister Benjamin Netanyahu held a confidential meeting with the Knesset’s Foreign Affairs…

5 Min Read
Economic Policies

Industry Position and its Relationship to Market Share

Understanding Market Share Market share is a term used to refer to a specific share of total demand in an…

10 Min Read
Politics

Indian Prime Minister Narendra Modi Convenes High-Level Military Meeting Amid Rising India-Pakistan Tensions

On Saturday, May 10, 2025, Indian Prime Minister Narendra Modi convened a high-level meeting with top military and defense officials…

7 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?