President Trump’s tariff policies have stirred unease across the globe as the leader rattles international markets. At the same time, these actions could ultimately result in other world powers forging a stronger relationship with each other, according to analysts.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Over the weekend, the leaders of China, Russia, and India were pictured shaking hands at the Tianjin summit of the Shanghai Cooperation Organization, pledging closer cooperation amid rising geopolitical trade pressures. Indian Prime Minister Narendra Modi lauded “positive momentum” with China and stressed a friendly relationship with Russia as essential for global prosperity.
Tariff Stampede Strengthens Ties Between China, Russia, and India
Trump has issued steep tariffs against both China and India, two countries that have had a rocky relationship with each other in the past. He also raised India’s tariff rate as punishment for the country’s purchases of Russian oil.
Additionally, Trump has threatened secondary tariffs against Russia for its continued strikes on Ukraine, although he has yet to implement these policies as the U.S. works with European nations to end the war.
“President Trump’s gentle treatment of Vladimir Putin has done nothing to pull Russia away from China,” said Lowy Institute executive director Michael Fullilove. “His rough treatment of Narendra Modi, on the other hand, is pushing India closer to Russia and warming up its relations with China.”
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.