IBOV 171,640 ▼ 0.22% IPSA 10,840 ▲ 0.72% IPC MEX 67,405 ▲ 0.65% MERVAL 3,094,964 ▼ 2.32% COLCAP 2,262.58 ▼ 0.29% BVL PERÚ 55,499.93 — 0.00% USD/BRL5.20▲ 0.75% USD/MXN17.54▲ 0.30% USD/CLP925.49▲ 0.22% USD/COP3,368▼ 2.20% USD/PEN3.42▼ 0.07% USD/ARS1,489▲ 0.34% USD/UYU40.12▲ 1.19% USD/PYG6,052▲ 1.44% USD/BOB6.85▲ 1.65% USD/DOP59.22▲ 0.94% USD/CRC451.40▲ 2.46% USD/GTQ7.62▲ 2.45% USD/HNL26.70▲ 0.51% USD/NIO36.62▲ 0.89% USD/VES631.78▲ 7.69% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.19▲ 0.37% USD/TTD6.73▲ 1.09% EUR/BRL5.92▲ 0.02% BRENT 71.25 ▼ 2.29% WTI 68.19 ▼ 1.88% IRON ORE 161.91 — — COPPER 6.18 ▼ 0.28% GOLD 4,084 ▲ 1.52% SILVER 60.39 ▲ 1.54% SOY 1,150 ▲ 2.98% CORN 441.25 ▲ 6.90% WHEAT 600.25 ▲ 3.36% COFFEE 314.60 ▲ 1.09% SUGAR 14.96 ▲ 4.32% ORANGE JUICE 171.15 ▼ 0.93% COTTON 77.98 ▲ 7.98% COCOA 5,076 ▲ 1.48% BEEF 242.15 ▼ 6.22% CATTLE 364.23 ▼ 0.10% LITHIUM 78.24 ▼ 0.05% PETR4 37.73 ▼ 0.19% VALE3 78.00 ▲ 0.15% ITUB4 42.57 ▲ 0.92% BBDC4 18.12 ▲ 0.22% ABEV3 16.28 ▼ 0.06% BBAS3 19.87 ▼ 0.20% B3SA3 14.53 — 0.00% WEGE3 46.52 ▼ 0.83% PRIO3 52.43 ▲ 0.54% SUZB3 40.22 ▲ 1.18% RENT3 41.05 ▼ 1.18% AZZA3 17.61 ▼ 1.51% CSAN3 3.59 ▼ 2.97% RAIZ4 0.40 ▲ 5.26% PCAR3 2.30 ▼ 0.43% GMAT3 3.62 ▼ 1.36% PSSA3 53.13 ▲ 0.40% CVCB3 1.38 ▲ 1.47% POSI3 4.05 ▼ 1.22% SLCE3 12.65 ▼ 1.94% NATU3 8.64 ▼ 1.03% BRKM5 6.37 ▲ 0.16% RANI3 7.96 ▲ 1.53% CSNA3 4.58 ▼ 0.87% CMIN3 4.15 ▼ 0.72% USIM5 8.51 ▲ 0.71% GGBR4 20.88 ▲ 0.48% ENEV3 26.49 ▼ 0.86% NEOE3 33.80 — 0.00% CPFE3 44.18 ▼ 1.34% CMIG4 10.80 ▼ 0.64% EQTL3 38.62 ▼ 0.82% LREN3 14.83 ▲ 0.47% VIVT3 34.23 ▲ 0.82% RAIL3 13.00 ▼ 3.20% KLABIN 16.75 ▲ 0.06% RAIA DROGASIL 16.64 ▼ 1.01% RDOR3 34.91 ▲ 0.58% HAPV3 10.40 ▲ 1.86% FLRY3 15.46 ▲ 0.39% SMTO3 15.90 ▲ 1.27% UGPA3 25.95 ▼ 0.42% VBBR3 29.60 ▼ 0.97% BBSE3 38.23 ▼ 2.40% BPAC11 54.05 ▼ 0.07% CURY3 34.65 ▼ 1.17% AERI3 2.05 ▲ 1.49% VIVARA 22.76 ▼ 0.52% COMPASS 24.54 ▲ 1.07% VAMOS 2.76 ▼ 1.78% SANB11 26.74 ▼ 0.22% ASAI3 8.67 ▼ 0.80% SBSP3 29.74 ▲ 0.34% WALMEX 51.02 ▼ 0.68% GMEXICO 197.08 ▼ 0.59% FEMSA 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925.49 ▲ 0.22% USD/COP 3,368 ▼ 2.20% USD/PEN 3.42 ▼ 0.07% USD/ARS 1,489 ▲ 0.34% USD/UYU 40.12 ▲ 1.19% USD/PYG 6,052 ▲ 1.44% USD/BOB 6.85 ▲ 1.65% USD/DOP 59.22 ▲ 0.94% USD/CRC 451.40 ▲ 2.46% USD/GTQ 7.62 ▲ 2.45% USD/HNL 26.70 ▲ 0.51% USD/NIO 36.62 ▲ 0.89% USD/VES 631.78 ▲ 7.69% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.19 ▲ 0.37% USD/TTD 6.73 ▲ 1.09% EUR/BRL 5.92 ▲ 0.02% BRENT 71.25 ▼ 2.29% WTI 68.19 ▼ 1.88% IRON ORE 161.91 — — COPPER 6.18 ▼ 0.28% GOLD 4,084 ▲ 1.52% SILVER 60.39 ▲ 1.54% SOY 1,150 ▲ 2.98% CORN 441.25 ▲ 6.90% WHEAT 600.25 ▲ 3.36% COFFEE 314.60 ▲ 1.09% SUGAR 14.96 ▲ 4.32% ORANGE JUICE 171.15 ▼ 0.93% COTTON 77.98 ▲ 7.98% COCOA 5,076 ▲ 1.48% BEEF 242.15 ▼ 6.22% CATTLE 364.23 ▼ 0.10% LITHIUM 78.24 ▼ 0.05% PETR4 37.73 ▼ 0.19% VALE3 78.00 ▲ 0.15% ITUB4 42.57 ▲ 0.92% BBDC4 18.12 ▲ 0.22% ABEV3 16.28 ▼ 0.06% BBAS3 19.87 ▼ 0.20% B3SA3 14.53 — 0.00% WEGE3 46.52 ▼ 0.83% PRIO3 52.43 ▲ 0.54% SUZB3 40.22 ▲ 1.18% RENT3 41.05 ▼ 1.18% AZZA3 17.61 ▼ 1.51% CSAN3 3.59 ▼ 2.97% RAIZ4 0.40 ▲ 5.26% PCAR3 2.30 ▼ 0.43% GMAT3 3.62 ▼ 1.36% PSSA3 53.13 ▲ 0.40% CVCB3 1.38 ▲ 1.47% POSI3 4.05 ▼ 1.22% SLCE3 12.65 ▼ 1.94% NATU3 8.64 ▼ 1.03% BRKM5 6.37 ▲ 0.16% RANI3 7.96 ▲ 1.53% CSNA3 4.58 ▼ 0.87% CMIN3 4.15 ▼ 0.72% USIM5 8.51 ▲ 0.71% GGBR4 20.88 ▲ 0.48% ENEV3 26.49 ▼ 0.86% NEOE3 33.80 — 0.00% CPFE3 44.18 ▼ 1.34% CMIG4 10.80 ▼ 0.64% EQTL3 38.62 ▼ 0.82% LREN3 14.83 ▲ 0.47% VIVT3 34.23 ▲ 0.82% RAIL3 13.00 ▼ 3.20% KLABIN 16.75 ▲ 0.06% RAIA DROGASIL 16.64 ▼ 1.01% RDOR3 34.91 ▲ 0.58% HAPV3 10.40 ▲ 1.86% FLRY3 15.46 ▲ 0.39% SMTO3 15.90 ▲ 1.27% UGPA3 25.95 ▼ 0.42% VBBR3 29.60 ▼ 0.97% BBSE3 38.23 ▼ 2.40% BPAC11 54.05 ▼ 0.07% CURY3 34.65 ▼ 1.17% AERI3 2.05 ▲ 1.49% VIVARA 22.76 ▼ 0.52% COMPASS 24.54 ▲ 1.07% VAMOS 2.76 ▼ 1.78% SANB11 26.74 ▼ 0.22% ASAI3 8.67 ▼ 0.80% SBSP3 29.74 ▲ 0.34% WALMEX 51.02 ▼ 0.68% GMEXICO 197.08 ▼ 0.59% FEMSA 224.49 ▲ 0.69% CEMEX 21.34 ▲ 1.62% GFNORTE 189.92 ▲ 2.90% BIMBO 56.42 ▼ 1.28% TELEVISA 9.74 ▲ 1.78% AMX 22.68 ▲ 0.13% GAP 448.10 ▲ 1.32% ASUR 307.87 ▲ 0.38% OMA 246.07 ▼ 0.63% KOF 186.80 ▲ 1.03% GRUMA 279.68 ▼ 0.45% KIMBER 38.75 ▲ 1.49% SQM-B 69,199 ▲ 1.09% COPEC 5,818 ▲ 1.16% BSANTANDER 75.44 ▼ 0.08% FALABELLA 5,740 ▼ 0.28% ENELAM 82.00 ▼ 0.73% CENCOSUD 2,118 ▼ 0.55% CMPC 1,036 ▲ 0.93% BANCO CHILE 180.43 ▼ 0.04% LATAM AIR 26.25 ▼ 2.09% YPF 69,550 ▼ 2.21% GGAL 7,570 ▼ 2.82% PAMPA 4,990 ▼ 2.54% TXAR 660.00 ▼ 0.38% ALUAR 979.50 ▼ 0.15% TGS 8,935 ▼ 3.41% CEPU 2,252 ▼ 2.38% MIRGOR 16,300 ▲ 0.46% COME 41.16 ▼ 1.81% LOMA NEGRA 3,495 ▼ 3.12% BYMA 307.25 ▼ 0.89% TELECOM ARG 3,958 ▼ 2.16% ECOPETROL 14.65 ▲ 2.88% BANCOLOMBIA 78.67 ▼ 0.96% GRUPO AVAL 5.15 ▲ 2.43% CREDICORP 396.59 ▲ 1.80% SOUTHERN COPPER 170.48 ▼ 2.17% BUENAVENTURA 29.16 ▼ 0.46% MERCADOLIBRE 1,741 ▲ 2.55% NUBANK 13.60 ▲ 1.76% XP 16.27 ▲ 0.03% PAGSEGURO 9.07 ▲ 0.22% STONE 11.15 ▲ 2.86% GLOBANT 31.69 ▲ 9.49% TECNOGLASS 48.06 ▲ 2.67% GAP AIRPORT 255.64 ▲ 0.98% ASUR 307.87 ▲ 0.38% OMA AIRPORT 112.46 ▼ 0.56% AMX ADR 25.78 ▼ 0.83% FEMSA ADR 127.71 ▼ 0.15% CEMEX ADR 12.14 ▲ 1.17% 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Wednesday, July 1, 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

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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)
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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

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