Home » World » Duty War US Shares of India and Pott Trump India Modi Deava | Business News | Manorama Online News – Tariffs India | Trump India | China | US TRADE | Gift nifty | STOCK MARKET

Duty War US Shares of India and Pott Trump India Modi Deava | Business News | Manorama Online News – Tariffs India | Trump India | China | US TRADE | Gift nifty | STOCK MARKET

by Lucas Fernandez – World Editor

Putin Signals BRICS Retaliation against⁣ US Tariffs as Modi Meets wiht Russian⁣ President in China

Qingdao, China – August 31, 2025 – Russian President Vladimir ⁤Putin, arriving at the SCO summit in China, issued a ⁤pointed warning to ⁢the United States regarding escalating trade tensions, ⁢suggesting a ‍unified ⁤response⁢ from the BRICS⁢ economic bloc should the US impose further tariffs. ​The statement came‌ as Prime Minister Narendra Modi also arrived in China for the summit, setting the stage for potential discussions on the‍ evolving global trade landscape and its impact on India.

the escalating rhetoric⁢ underscores growing anxieties over a potential⁣ trade war⁢ initiated by former US President Donald Trump, who has repeatedly advocated for increased⁤ tariffs on goods from China and other nations. Putin’s comments signal BRICS – comprising Brazil,Russia,India,China,and South⁣ Africa – may act collectively to counter such measures,perhaps ‌disrupting global markets and reshaping international economic ​alliances. This progress arrives at a ⁢critical juncture for India, a key‌ player​ in the⁣ BRICS‌ alliance and a notable trading partner with both the US and China, forcing ‌New delhi to navigate a complex geopolitical situation.

Putin, speaking to reporters, criticized what⁢ he described⁤ as unfair ⁢trade practices‍ and the weaponization of tariffs. He stated that BRICS nations‌ would‍ be prepared to “set down the role of duty” and respond in kind if the‍ US continues to pursue protectionist policies. The Russian President’s remarks were widely interpreted as a direct⁢ challenge to Trump’s trade agenda and a demonstration of solidarity among ⁢BRICS members.

Prime Minister modi’s presence at the SCO summit provides an opportunity for direct engagement with putin and other world leaders on these pressing ⁢issues. Discussions are expected to centre on mitigating the potential fallout from a US-led trade war,exploring alternative⁣ trade ⁤routes,and strengthening economic cooperation within the BRICS framework.The potential for retaliatory tariffs from BRICS‌ nations poses a significant​ risk to ⁣US businesses and ⁤consumers. India, as a major importer of US goods, could also be⁢ affected⁢ by increased tariffs, potentially impacting⁣ its economic growth and trade balance. ‍Investors are closely monitoring the situation, ⁢with the‍ GIFT Nifty -⁢ an Indian stock futures contract – reflecting heightened⁢ volatility in response to the unfolding events. ‍

Background: The Shanghai Cooperation Organisation (SCO) is a Eurasian political,economic,and security organization. the current summit is focused on regional security and ‍economic cooperation, but‌ trade tensions have emerged as a dominant theme. The BRICS economic bloc​ was‌ formed ⁢in 2009 as a platform for emerging ​economies to challenge the dominance of⁤ conventional Western financial institutions.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.