Donald Trump has threatened to impose a 50% tariff on India, effective from August 27. However, this move might hurt America more, as it will increase the cost of Indian exports there, driving up inflation without impacting the Indian populace. Yet, this action has strained Indo-American relations.
The Indian government's stance and public sentiment are hardening against Trump’s aggressive politicking. Prime Minister Modi firmly stated that protecting farmers’ interests is paramount. China and Russia, too, have reacted sharply to Trump’s announcements regarding India. His actions have fueled debates on whether India, Russia, and China should unite to dilute Western dominance.
Imagine the scenario if India-US relations deteriorate while the three global powers—Russia, China, and India—troubled by Donald Trump's behavior, decide to collaborate, sharing military, technological, and financial resources. Would the reign of the dollar come under threat? Could America's superpower status be at stake? Let's explore these questions.
Source: aajtak
How could an India-Russia-China alliance reshape the world?
Prime Minister Narendra Modi is scheduled to visit China—a trip that could be vital in strengthening Sino-Indian ties. Speculations suggest that India, China, and Russia could unite to economically challenge the US. Though this scenario may seem far-fetched, if it were to happen, it could tilt the global balance of power.
First,
the current US-European dominance might face substantial challenges if these three countries come together, showcasing Asia's emerging global influence.
Second,
the trio has long aimed to reduce dependency on the US dollar, trading in yuan, rubles, and rupees. Together, they could establish a new currency system, challenging dollar supremacy.
Third,
an Asian trade network could emerge, sharing raw materials, manufacturing, and technology, significantly impacting the global economy.
Fourth,
in defense and technology, this alliance could become a formidable force, combining China's manufacturing prowess with India's tech-savvy workforce, forming a new military-technical bloc.
Fifth,
a united front could alter the global supply chain, reducing Western dependency and fostering greater trade interest with these nations.
Are these changes feasible?
Political, social, and geographic reasons currently make this union unlikely. Border disputes and mutual distrust between India and China persist, and Russia's confrontations with Western countries complicate matters further.
Source: aajtak
India adheres to a multi-alignment policy, viewing the world with an equitable perspective and considering all nations as friends. It maintains trade partnerships with America, Europe, and other countries. Although Trump's tariffs pose risks, they seem more threatening to America. Consequently, these tariffs might not have enduring effects.
