Tit for Tat Tariffs - The US versus the World

...Trump may envy Xi's military parade.

This year's SCO is a huge development. Without Trump being so chaotic and vindictive in his tariffs - India and China might still be at loggerheads.
But now they are uniting more than ever.
Modi even had photoshoots in the car with Putin just to troll Trump!



India buys Russian oil - propping up Russia's war economy.
But India have huge levels of poverty - and protest that they need cheap oil just to keep things running. When the Indian economy suffers - unbelievable numbers of people starve or just commit suicide! (Like all those farmers during a dry spell.)

SCO is no NATO - yet.

But as many reporters I've been listening to lately are all saying, while Trump talks up being tough on China with his tariffs - Ping is laughing all the way to the bank! Trumpism has driven the world into China's embrace. I've heard a bunch of market reports about Australian producers and miners now embracing trade deeper trade with China after Trump's vindictive tariff chaos. Let alone what ASEAN and SCO members actually in Asia might be planning!

eclipsenow said:

SCO is no NATO - yet.

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SCO was never intended to be a military alliance, neither is BRICS or ASEAN. Sure they have a security framework, but it is not anything like NATO which is a pure military alliance.

eclipsenow said:

India buys Russian oil - propping up Russia's war economy.
But India have huge levels of poverty - and protest that they need cheap oil just to keep things running. When the Indian economy suffers - unbelievable numbers of people starve or just commit suicide! (Like all those farmers during a dry spell.)

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This was something the G7 had agreed on. They permitted purchases of Russian oil at a price cap. As for other energy sources, Venezuelan and Iranian oil are under heavy sanctions so this was allowed so that worldwide fuel prices were kept stable.

BTW Europe still imports these refined products (at least till January 2026) based on Russian crude from other nations. Europe still imports a LOT of Russian LNG. EU LNG imports hit a record high last year and they do not plan to stop till 2027 at the earliest.

India was slowly switching to the west from Russia, but now the BRICS group can thank Trump for strengthening their position.

I don't think India and China are going to be buddies. This was a bit of a display specifically for Trump.

wing2000 said:

....Putin found a new boyfried (...oh what could have been....Putin, Modi and Trump all holding hands):






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(may have some language that offends some)

adrianmonk said:

(may have some language that offends some)

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Poor Trump - he missed out on walking down the red carpet swinging pinkies with his autocratic pals!