NextFin news, New Delhi, this Saturday — India's External Affairs Minister S. Jaishankar will participate in a virtual BRICS summit hosted by Brazil on Monday, September 8, 2025, to discuss trade disruptions triggered by US tariffs.
The summit, convened by Brazilian President Luiz Inacio Lula da Silva, who currently chairs BRICS, will focus on the impact of US trade policies, including tariffs imposed by the Trump administration, on member countries' exports. Brazil, India, China, Russia, South Africa, Indonesia, Iran, and the United Arab Emirates are among the 10 members of the expanded BRICS group.
According to the Ministry of External Affairs spokesperson Randhir Jaiswal, Jaishankar will represent India at this leaders-level meeting. The summit aims to develop a common approach to address the challenges posed by US tariffs, which have affected Brazilian and Indian exports, among others.
Brazil's call for the summit follows the US imposing tariffs of up to 50 percent on Brazilian exports, a move similar to tariffs applied to Indian goods. The Brazilian president is expected to lead discussions on these trade barriers during the summit.
India's decision to send Jaishankar reflects a balancing act amid growing US suspicion about BRICS' agenda, especially concerning efforts related to de-dollarization, which US President Donald Trump has publicly cautioned against.
BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the UAE, with Indonesia joining in 2025. The group represents nearly half of the global population, about 40 percent of global GDP, and roughly 26 percent of global trade.
In a related development, Brazilian President Lula spoke with Indian Prime Minister Narendra Modi on August 7, 2025, where both leaders pledged to strengthen bilateral trade and energy ties.
Sources: Ministry of External Affairs, Rediff MoneyWiz, The Hindu, PTI
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