In this week’s round-up:
- Lula receives call from Putin to discuss Ukraine and BRICS issues
- Trump’s BRICS tariffs boost Thailand’s export opportunities
- Jeffrey Sachs destroys Trump’s ‘delusion of breaking BRICS’
- Lula and Xi hold talks on BRICS and bilateral ties
- Nigeria’s trade with BRICS soars as US tariff threats loom
- Lula receives call from Putin to discuss Ukraine and BRICS issues
Russian President Vladimir Putin took the initiative to call President Luiz Inácio Lula da Silva. The phone conversation lasted about 40 minutes, according to a statement released by the Planalto presidential palace. During the call, they discussed peace efforts between Russia and Ukraine and exchanged information about ongoing negotiations with the United States.
Trump’s BRICS tariffs boost Thailand’s export opportunities
Assoc. Prof. Dr. Anusorn Thammajai, Dean of Economics and Director of the Digital Economy, Investment, and International Trade Research Center at University of the Thai Chamber of Commerce, revealed that U.S. tariffs under the Trump administration impose significantly higher rates on BRICS countries compared to ASEAN. This shift alters competition in the U.S. market, disadvantaging BRICS exporters while creating new opportunities for Thai and ASEAN products.
Jeffrey Sachs destroys Trump’s ‘delusion of breaking BRICS’
In this explosive conversation with The Times of India’s Aditi Prasad, economist and public policy expert Jeffrey Sachs pulls no punches on Donald Trump’s trade wars, BRICS unity, and global power shifts.
Lula and Xi hold talks on BRICS and bilateral ties
Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping spoke over phone to discuss the role of the BRICS group of nations and opportunities for bilateral cooperation, according to statements from Lula’s office and Chinese state media.
Nigeria’s trade with BRICS soars as US tariff threats loom
Nigeria’s trade with BRICS nations surged to $3.61 billion in the first quarter of 2025, far outpacing the $1.03 billion in exports to the United States over the same period, according to new figures from the National Bureau of Statistics. The sharp increase signals a growing pivot towards emerging markets and a recalibration of the country’s trade strategy.
