BRICS seeks to fill void left by Trump

As Trump withdraws from global leadership, BRICS nations meeting in Brazil step in to champion free trade and multilateralism, positioning themselves as new defenders of the values once upheld by the U.S.

BRICS members
Partner states
Applied for membership

Brazil
Russia
Iran
China
Indonesia
South Africa
Ethiopia
Saudi Arabia
India
UAE
Egypt

BRICS TRADE ($ millions, 2015-24)

2021-24: Trade among BRICS core members* grows 40% to $740 billion per year, despite divisions among countries

0
100
200
300
400
500
600
700
800
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

287
278
343
401
399
383
533
638
716
738

BRICS summit in Rio de Janeiro on Jul 6-7, hosted by President Luiz Inácio Lula da Silva (right), expected to issue joint statement condemning “indiscriminate” tariff hikes, sending clear message to Trump administration

*Brazil, Russia, India, China, South Africa

Sources: IMF, Bloomberg, Brics.br
Picture: Getty Images
© GRAPHIC NEWS