IBOV 176,822 ▲ 0.13% IPSA 10,862 ▲ 1.07% IPC MEX 70,264 ▲ 1.54% MERVAL 3,040,257 ▲ 3.96% COLCAP 2,228.30 ▲ 4.48% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.06 ▲ 0.44% USD/MXN 17.37 ▲ 0.35% USD/CLP 894.61 ▲ 0.03% USD/COP 3,617 ▼ 0.44% USD/PEN 3.42 ▲ 0.33% USD/ARS 1,411 ▲ 0.04% USD/UYU 40.06 ▲ 1.63% USD/PYG 6,114 ▲ 0.42% USD/BOB 6.86 ▲ 1.82% USD/DOP 59.00 ▲ 1.47% USD/CRC 450.95 ▲ 1.80% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.62 ▲ 1.71% USD/NIO 36.62 ▲ 0.69% USD/VES 538.69 ▲ 1.67% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.89 ▼ 0.11% USD/TTD 6.74 ▲ 1.24% EUR/BRL 5.88 ▲ 0.99% BRENT 94.01 ▼ 5.59% WTI 90.56 ▼ 3.55% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.30% GOLD 4,468 ▼ 0.72% SILVER 74.78 ▼ 2.01% SOY 1,190 ▲ 0.36% CORN 455.25 ▼ 0.49% WHEAT 624.75 ▼ 1.69% COFFEE 269.35 ▼ 1.70% SUGAR 14.16 ▼ 2.61% ORANGE JUICE 167.10 ▼ 5.65% COTTON 76.51 ▼ 1.11% COCOA 4,167 ▼ 0.05% BEEF 243.78 ▼ 1.79% CATTLE 355.98 ▲ 1.87% LITHIUM 85.35 ▼ 1.16% PETR4 42.95 ▼ 1.13% VALE3 83.18 ▲ 0.13% ITUB4 40.68 ▲ 1.55% BBDC4 18.09 ▲ 1.40% ABEV3 16.74 ▲ 0.90% BBAS3 21.33 ▲ 1.04% B3SA3 16.78 ▼ 0.94% WEGE3 43.68 ▲ 0.55% PRIO3 63.86 ▼ 1.37% SUZB3 42.30 ▲ 1.49% RENT3 43.46 ▼ 0.55% AZZA3 20.53 ▲ 0.15% CSAN3 4.21 ▼ 1.64% RAIZ4 0.41 ▲ 2.50% PCAR3 1.99 ▼ 1.00% GMAT3 4.36 ▲ 1.87% PSSA3 49.00 ▲ 0.23% CVCB3 1.70 ▼ 1.16% POSI3 4.18 ▲ 0.24% SLCE3 16.11 ▼ 0.12% NATU3 10.12 ▼ 2.69% BRKM5 11.72 ▲ 0.34% RANI3 8.00 ▲ 1.14% CSNA3 6.53 ▼ 2.39% CMIN3 4.48 ▼ 0.67% USIM5 10.09 ▲ 4.45% GGBR4 23.80 ▲ 0.80% ENEV3 25.16 ▲ 0.40% NEOE3 33.80 — 0.00% CPFE3 43.89 ▲ 0.69% CMIG4 11.19 ▼ 0.09% EQTL3 38.26 ▼ 0.88% LREN3 15.06 ▲ 0.13% VIVT3 34.37 ▲ 2.10% RAIL3 14.14 ▼ 0.77% KLABIN 16.87 ▲ 1.57% RAIA DROGASIL 18.43 ▲ 2.33% RDOR3 35.39 ▲ 1.11% HAPV3 12.74 ▲ 1.11% FLRY3 16.25 ▲ 1.25% SMTO3 17.46 ▲ 1.81% UGPA3 27.71 ▼ 0.57% VBBR3 31.34 ▼ 1.66% BBSE3 35.14 ▲ 1.21% BPAC11 55.46 ▼ 0.07% CURY3 32.02 ▼ 0.19% AERI3 2.37 ▲ 2.16% VIVARA 22.20 ▼ 0.31% COMPASS 27.05 ▲ 0.74% VAMOS 3.24 — 0.00% SANB11 27.63 ▲ 1.13% ASAI3 9.33 ▲ 2.41% SBSP3 28.86 ▲ 0.31% WALMEX 55.85 ▲ 2.68% GMEXICO 215.02 ▲ 0.75% FEMSA 213.22 ▲ 0.79% CEMEX 23.17 ▲ 2.39% GFNORTE 197.79 ▲ 2.31% BIMBO 60.05 ▲ 2.35% TELEVISA 9.93 ▲ 0.61% AMX 22.80 ▲ 1.33% GAP 425.88 ▲ 0.84% ASUR 305.69 ▼ 1.26% OMA 223.02 ▲ 1.20% KOF 190.77 ▲ 1.23% GRUMA 298.23 ▲ 0.44% KIMBER 38.48 ▲ 1.99% SQM-B 72,601 ▲ 0.01% COPEC 6,495 ▲ 1.64% BSANTANDER 72.55 ▲ 0.78% FALABELLA 5,948 ▲ 1.43% ENELAM 79.00 — 0.00% CENCOSUD 2,193 ▲ 3.35% CMPC 1,162 ▲ 3.65% BANCO CHILE 174.69 ▲ 0.98% LATAM AIR 24.04 ▲ 2.78% YPF 73,950 ▲ 2.57% GGAL 7,175 ▲ 5.59% PAMPA 4,895 ▲ 2.19% TXAR 658.00 ▲ 1.54% ALUAR 994.00 ▲ 2.79% TGS 8,900 ▲ 2.48% CEPU 2,240 ▲ 3.94% MIRGOR 16,750 ▲ 2.29% COME 46.47 ▲ 4.87% LOMA NEGRA 3,490 ▲ 2.12% BYMA 292.00 ▲ 1.65% TELECOM ARG 4,035 ▲ 6.46% ECOPETROL 14.73 ▼ 0.87% BANCOLOMBIA 70.53 ▼ 1.65% GRUPO AVAL 4.76 ▲ 2.04% CREDICORP 348.60 ▼ 0.90% SOUTHERN COPPER 187.68 ▼ 1.16% BUENAVENTURA 34.45 ▼ 1.82% MERCADOLIBRE 1,704 ▲ 3.40% NUBANK 13.09 ▲ 0.81% XP 17.21 ▼ 0.09% PAGSEGURO 9.30 ▲ 0.87% STONE 11.50 ▲ 1.82% GLOBANT 38.73 ▲ 0.81% TECNOGLASS 43.57 ▲ 3.66% GAP AIRPORT 244.61 ▲ 0.38% ASUR 305.69 ▼ 1.26% OMA AIRPORT 102.85 ▲ 0.64% AMX ADR 26.19 ▲ 0.81% FEMSA ADR 122.75 ▲ 0.68% CEMEX ADR 13.25 ▲ 1.15% PETROBRAS ADR 19.08 ▼ 1.65% VALE ADR 16.41 ▼ 0.58% ITAU ADR 8.02 ▲ 1.01% SANTANDER BR 5.49 ▲ 0.46% AMBEV ADR 3.29 ▲ 0.61% CSN 1.30 ▼ 3.36% GERDAU 4.70 ▲ 0.32% LATAM ADR 53.45 ▲ 2.28% BTC 75,254 ▼ 0.75% ETH 2,072 ▲ 0.03% SOL 84.53 ▲ 1.13% XRP 1.34 ▲ 0.73% BNB 656.13 ▲ 0.08% ADA 0.24 ▲ 0.83% DOGE 0.10 ▲ 1.73% AVAX 9.26 ▲ 1.42% LINK 9.43 ▲ 0.62% DOT 1.27 ▲ 1.73% LTC 52.68 ▲ 1.58% BCH 345.98 ▲ 0.82% TRX 0.37 ▼ 1.20% XLM 0.16 ▲ 7.96% HBAR 0.09 ▼ 0.09% NEAR 2.61 ▲ 2.70% ATOM 2.20 ▼ 0.33% AAVE 86.65 ▲ 1.13% SELIC 14.50% EMBRAER 73.09 ▲ 0.98% EMBRAER ADR 57.72 ▼ 0.31% JBS 13.32 ▲ 2.62% JBS BDR 67.39 ▲ 3.68% MBRF3 16.23 ▼ 0.79% MBRFY 3.23 ▼ 0.92% INTER 6.44 ▲ 1.58% IBOV 176,822 ▲ 0.13% IPSA 10,862 ▲ 1.07% IPC MEX 70,264 ▲ 1.54% MERVAL 3,040,257 ▲ 3.96% COLCAP 2,228.30 ▲ 4.48% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.06 ▲ 0.44% USD/MXN 17.37 ▲ 0.35% USD/CLP 894.61 ▲ 0.03% USD/COP 3,617 ▼ 0.44% USD/PEN 3.42 ▲ 0.33% USD/ARS 1,411 ▲ 0.04% USD/UYU 40.06 ▲ 1.63% USD/PYG 6,114 ▲ 0.42% USD/BOB 6.86 ▲ 1.82% USD/DOP 59.00 ▲ 1.47% USD/CRC 450.95 ▲ 1.80% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.62 ▲ 1.71% USD/NIO 36.62 ▲ 0.69% USD/VES 538.69 ▲ 1.67% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.89 ▼ 0.11% USD/TTD 6.74 ▲ 1.24% EUR/BRL 5.88 ▲ 0.99% BRENT 94.01 ▼ 5.59% WTI 90.56 ▼ 3.55% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.30% GOLD 4,468 ▼ 0.72% SILVER 74.78 ▼ 2.01% SOY 1,190 ▲ 0.36% CORN 455.25 ▼ 0.49% WHEAT 624.75 ▼ 1.69% COFFEE 269.35 ▼ 1.70% SUGAR 14.16 ▼ 2.61% ORANGE JUICE 167.10 ▼ 5.65% COTTON 76.51 ▼ 1.11% COCOA 4,167 ▼ 0.05% BEEF 243.78 ▼ 1.79% CATTLE 355.98 ▲ 1.87% LITHIUM 85.35 ▼ 1.16% PETR4 42.95 ▼ 1.13% VALE3 83.18 ▲ 0.13% ITUB4 40.68 ▲ 1.55% BBDC4 18.09 ▲ 1.40% ABEV3 16.74 ▲ 0.90% BBAS3 21.33 ▲ 1.04% B3SA3 16.78 ▼ 0.94% WEGE3 43.68 ▲ 0.55% PRIO3 63.86 ▼ 1.37% SUZB3 42.30 ▲ 1.49% RENT3 43.46 ▼ 0.55% AZZA3 20.53 ▲ 0.15% CSAN3 4.21 ▼ 1.64% RAIZ4 0.41 ▲ 2.50% PCAR3 1.99 ▼ 1.00% GMAT3 4.36 ▲ 1.87% PSSA3 49.00 ▲ 0.23% CVCB3 1.70 ▼ 1.16% POSI3 4.18 ▲ 0.24% SLCE3 16.11 ▼ 0.12% NATU3 10.12 ▼ 2.69% BRKM5 11.72 ▲ 0.34% RANI3 8.00 ▲ 1.14% CSNA3 6.53 ▼ 2.39% CMIN3 4.48 ▼ 0.67% USIM5 10.09 ▲ 4.45% GGBR4 23.80 ▲ 0.80% ENEV3 25.16 ▲ 0.40% NEOE3 33.80 — 0.00% CPFE3 43.89 ▲ 0.69% CMIG4 11.19 ▼ 0.09% EQTL3 38.26 ▼ 0.88% LREN3 15.06 ▲ 0.13% VIVT3 34.37 ▲ 2.10% RAIL3 14.14 ▼ 0.77% KLABIN 16.87 ▲ 1.57% RAIA DROGASIL 18.43 ▲ 2.33% RDOR3 35.39 ▲ 1.11% HAPV3 12.74 ▲ 1.11% FLRY3 16.25 ▲ 1.25% SMTO3 17.46 ▲ 1.81% UGPA3 27.71 ▼ 0.57% VBBR3 31.34 ▼ 1.66% BBSE3 35.14 ▲ 1.21% BPAC11 55.46 ▼ 0.07% CURY3 32.02 ▼ 0.19% AERI3 2.37 ▲ 2.16% VIVARA 22.20 ▼ 0.31% COMPASS 27.05 ▲ 0.74% VAMOS 3.24 — 0.00% SANB11 27.63 ▲ 1.13% ASAI3 9.33 ▲ 2.41% SBSP3 28.86 ▲ 0.31% WALMEX 55.85 ▲ 2.68% GMEXICO 215.02 ▲ 0.75% FEMSA 213.22 ▲ 0.79% CEMEX 23.17 ▲ 2.39% GFNORTE 197.79 ▲ 2.31% BIMBO 60.05 ▲ 2.35% TELEVISA 9.93 ▲ 0.61% AMX 22.80 ▲ 1.33% GAP 425.88 ▲ 0.84% ASUR 305.69 ▼ 1.26% OMA 223.02 ▲ 1.20% KOF 190.77 ▲ 1.23% GRUMA 298.23 ▲ 0.44% KIMBER 38.48 ▲ 1.99% SQM-B 72,601 ▲ 0.01% COPEC 6,495 ▲ 1.64% BSANTANDER 72.55 ▲ 0.78% FALABELLA 5,948 ▲ 1.43% ENELAM 79.00 — 0.00% CENCOSUD 2,193 ▲ 3.35% CMPC 1,162 ▲ 3.65% BANCO CHILE 174.69 ▲ 0.98% LATAM AIR 24.04 ▲ 2.78% YPF 73,950 ▲ 2.57% GGAL 7,175 ▲ 5.59% PAMPA 4,895 ▲ 2.19% TXAR 658.00 ▲ 1.54% ALUAR 994.00 ▲ 2.79% TGS 8,900 ▲ 2.48% CEPU 2,240 ▲ 3.94% MIRGOR 16,750 ▲ 2.29% COME 46.47 ▲ 4.87% LOMA NEGRA 3,490 ▲ 2.12% BYMA 292.00 ▲ 1.65% TELECOM ARG 4,035 ▲ 6.46% ECOPETROL 14.73 ▼ 0.87% BANCOLOMBIA 70.53 ▼ 1.65% GRUPO AVAL 4.76 ▲ 2.04% CREDICORP 348.60 ▼ 0.90% SOUTHERN COPPER 187.68 ▼ 1.16% BUENAVENTURA 34.45 ▼ 1.82% MERCADOLIBRE 1,704 ▲ 3.40% NUBANK 13.09 ▲ 0.81% XP 17.21 ▼ 0.09% PAGSEGURO 9.30 ▲ 0.87% STONE 11.50 ▲ 1.82% GLOBANT 38.73 ▲ 0.81% TECNOGLASS 43.57 ▲ 3.66% GAP AIRPORT 244.61 ▲ 0.38% ASUR 305.69 ▼ 1.26% OMA AIRPORT 102.85 ▲ 0.64% AMX ADR 26.19 ▲ 0.81% FEMSA ADR 122.75 ▲ 0.68% CEMEX ADR 13.25 ▲ 1.15% PETROBRAS ADR 19.08 ▼ 1.65% VALE ADR 16.41 ▼ 0.58% ITAU ADR 8.02 ▲ 1.01% SANTANDER BR 5.49 ▲ 0.46% AMBEV ADR 3.29 ▲ 0.61% CSN 1.30 ▼ 3.36% GERDAU 4.70 ▲ 0.32% LATAM ADR 53.45 ▲ 2.28% BTC 75,254 ▼ 0.75% ETH 2,072 ▲ 0.03% SOL 84.53 ▲ 1.13% XRP 1.34 ▲ 0.73% BNB 656.13 ▲ 0.08% ADA 0.24 ▲ 0.83% DOGE 0.10 ▲ 1.73% AVAX 9.26 ▲ 1.42% LINK 9.43 ▲ 0.62% DOT 1.27 ▲ 1.73% LTC 52.68 ▲ 1.58% BCH 345.98 ▲ 0.82% TRX 0.37 ▼ 1.20% XLM 0.16 ▲ 7.96% HBAR 0.09 ▼ 0.09% NEAR 2.61 ▲ 2.70% ATOM 2.20 ▼ 0.33% AAVE 86.65 ▲ 1.13% SELIC 14.50% EMBRAER 73.09 ▲ 0.98% EMBRAER ADR 57.72 ▼ 0.31% JBS 13.32 ▲ 2.62% JBS BDR 67.39 ▲ 3.68% MBRF3 16.23 ▼ 0.79% MBRFY 3.23 ▼ 0.92% INTER 6.44 ▲ 1.58%
since 2009
Wednesday, May 27, 2026

Brazil BRICS Expansion News

Brazil Uses BRICS Chair to Rally Support After U.S. Tariffs, But Unity Remains Elusive

By · September 2, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazil will host a BRICS leaders’ video summit on September 8, using its 2025 presidency to respond to Washington’s steep new trade barriers.

The Brazilian Presidency confirmed the call, framing the meeting as part of the bloc’s calendar on multilateralism and climate, but officials admit the U.S. tariffs will dominate discussion.

The tariffs themselves are stark. In April, the White House set a 10% baseline duty on imports, then in July added 40 percentage points on Brazil. The change lifted total tariffs on Brazilian exports to 50%, effective in early August.

India faced the same surcharge later in the month, while some partners — such as Saudi Arabia and the United Arab Emirates — saw only the 10% minimum. The uneven treatment split the bloc into winners and losers.

Brazil moved quickly. It filed a case at the World Trade Organization on August 5, arguing the tariffs broke global trade rules. It also summoned the BRICS summit, hoping to rally diplomatic backing and explore stronger trade links among members.

Brazil Uses BRICS Chair to Rally Support After U.S. Tariffs, But Unity Remains Elusive
Brazil Uses BRICS Chair to Rally Support After U.S. Tariffs, But Unity Remains Elusive. (Photo Internet reproduction)

Brasília’s strategy is to combine legal and political channels: challenge the tariffs formally, while showing it can convene emerging economies as a counterweight.

But unity within BRICS remains complicated. Countries hit hardest, like Brazil and India, want a firm response. Others, cushioned by lower tariffs, hesitate to antagonize Washington.

That gap explains why earlier BRICS statements only referred to “restrictive measures” without naming the United States. A coordinated retaliation remains unlikely.

The commercial impact is less abstract. A 50% surcharge makes Brazilian goods far more expensive in the U.S. market. Importers must raise prices or switch suppliers, while exporters weigh cutting margins, redirecting cargo, or scaling back sales.

Because tariff rates vary by origin, cost structures shift unevenly, adding uncertainty to contracts and supply chains. The broader story is about who sets the rules of trade. Washington used executive power to rewrite tariff schedules country by country.

Brazil is countering with a WTO case and by mobilizing BRICS. Whether the bloc can stand behind Brazil remains open, but the attempt shows that trade disputes now spill beyond bilateral lines.

The outcome will not be measured in communiqués. It will show up in customs data, freight orders, and market prices, as companies adjust to tariffs that suddenly rewrote their balance sheets.

For Brazil, the BRICS summit is less about a dramatic declaration and more about building a coalition to resist going it alone.

📌 Read our complete guide: BRICS in 2026: Complete Guide to the 11-Nation Bloc Reshaping Global Trade

Read More from The Rio Times

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.