Brazil’s socialist President Luiz Inácio Lula da Silva said Tuesday he will not negotiate with President Donald Trump on the 50-percent tariff the U.S. recently imposed on Brazilian exports. Instead, Lula said he plans to contact Chinese communist leader Xi Jinping and other BRICS allies while inviting Trump to a climate summit.
Cuba’s figurehead leader Miguel Díaz-Canel delivered a fiery anti-American speech Sunday at the BRICS summit in Rio de Janeiro, attacking President Donald Trump’s renewed sanctions on the island’s communist regime and celebrating Cuba’s status as a “partner” in the anti-Western coalition.
Chinese President Xi Jinping will not attend the July 6–7 BRICS summit in Brazil, marking his first absence from the gathering since taking office in 2013.
Global financial leaders are rallying around a new initiative dubbed the "Rio Reset," an economic framework that could significantly weaken the U.S. dollar's global standing.
