The Brics paradox: expanding influence, patchwork progress

Jul 10, 2025 | INVESTING

Even as internal divisions and absent leaders hung over proceedings, this week’s Brics summit in Brazil delivered an unmistakable message: the world’s emerging economies are intent on shaping their own destiny, seeking consensus where once there was only Western dominance.
In a joint declaration adopted on Sunday, Brics leaders warned of the threat posed to the global economy by the “indiscriminate” use of tariffs and “proliferation of trade-restrictive actions” – thinly veiled references to US…

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