17th BRICS Summit Expands Climate, AI, Global South Focus in Brazil
17th BRICS Summit Expands Climate, AI, Global South Focus in Brazil

17th BRICS Summit Expands Climate, AI, Global South Focus in Brazil

News summary

The 17th BRICS Summit held in Rio de Janeiro brought together leaders from the expanded bloc, now comprising 11 member countries representing nearly half the global population and a significant share of global GDP and trade. Hosted by Brazilian President Luiz Inácio Lula da Silva, the summit focused on climate finance, artificial intelligence regulation, and promoting the use of national currencies within BRICS to reduce reliance on the US dollar. President Donald Trump responded by imposing a new 10% tariff on countries supporting BRICS' 'anti-American' policies, signaling rising tensions as the US pursues an 'America first' agenda. Key discussions included the reform of global governance institutions, multilateralism, and initiatives like the BRICS Investment Platform and Grain Exchange, reflecting the bloc's ambition to foster a more multipolar world order. Notably, Chinese President Xi Jinping did not attend, while Russian President Vladimir Putin participated virtually due to an ICC arrest warrant. The summit also addressed geopolitical conflicts, including denouncements of military actions in Gaza and Ukraine, emphasizing BRICS' challenge to Western dominance and its pursuit of equitable global cooperation.

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