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After Trump’s tariff, Russia, China and India have come on one platform, due to which the world politics has started changing very fast. The way the leaders of the three countries are meeting everyone one by one may seem like diplomatic courtesy, but this alliance is pointing towards a global superpower, which the entire Trump administration is nervous about.
Russian President Vladimir Putin is going to visit India by the end of 2025, while Prime Minister Narendra Modi will go to China for the Shanghai Cooperation Organization (SCO) summit. This will be PM Modi’s first visit to China after the year 2018. According to experts, Trump’s tariff is not expected to have any significant impact on the current global commodity trade.
Trump’s tariff is changing world politics
According to experts, Trump’s tariff is not expected to have any significant impact on the current global commodity trade, because we are not living in an economy where only one country dominates the majority. Ever since the World Trade Organization (WTO) was established, the world has changed regarding trade. However, Trump’s tariffs can definitely bring about a change in geopolitics. This is the reason why China, Russia and India are on one platform today. Excessive dependence on the US dollar in the global economy is also a reason for the growing friendship between these three countries.
A $54 trillion global superpower will be born
According to a Live Mint report, Manish Bhandari, founder of CIIA and Vallam Capital, said, “In a world with 8.2 billion people and an economic power of $173 trillion, India, China and Russia have dominated the global stage. Their gross domestic product (GDP) is $53.9 trillion, which is about one-third of the world’s economic output. Trump’s tariff is trying to isolate countries like India, China and Russia from global trade. However, this move by the White House has acted as a force connecting these three countries.” He said, “India-China-Russia together export $5.09 trillion, which is about a fifth of global commodity exports. It passes through many continents, boosting world trade. It connects billions of people through innovation, technology, industry. At present, there is excessive dependence on the US dollar and Trump’s tariff is aimed at keeping it that way in global trade.
Now currency war after trade war
The US administration is trying to reprimand all those countries who have directly or indirectly supported the de-dollarization campaign of Russia and China. Sandeep Pandey, founder of Basav Capital, said, “After the US and European countries imposed sanctions on Russia, India and China bought Russian crude oil in local currency, which helped them accumulate more dollars in their reserves. It is expected that this will help them in the currency war amid the increasing tension of the trade war.”
