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Sunday, January 18, 2026

Trump’s tariffs backfire as Asia strikes back (IANS Analysis)

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In a world that’s increasingly becoming multipolar — where new powers are rising and challenging traditional dominance — a major regional summit threw a spotlight on shifting global dynamics. The Shanghai Cooperation Organisation (SCO) Summit, held in Tianjin, China, from August 31 to September 1, showcased powerful messages about sovereignty, unity, and a push for a fairer international order.

For years, the US has been using tariffs and protectionist policies to protect its interests. Recently, under President Donald Trump’s leadership, tariffs on imports increased sharply, affecting countries like India and China. Trump even raised tariffs on Indian goods from 25% to 50% as a penalty for buying Russian oil, while threatening to double tariffs on Chinese imports if Beijing restricted rare-earth magnets. Meanwhile, Russia continues to face Western sanctions over its Ukraine invasion, with Western powers supporting Kyiv.

Against this backdrop, leaders from China, Russia, and India made a bold statement at the SCO summit. Chinese President Xi Jinping, Russian President Vladimir Putin, and Indian Prime Minister Narendra Modi appeared unified, standing tall together on a platform of regional security and economic cooperation. Their show of solidarity sends a clear message: these countries are determined to stand against unilateral actions and economic coercion by the West.

During the summit, Xi Jinping criticized “bullying” and “Cold War mentality” in global politics, emphasizing the need for true multilateralism. Though he didn’t mention the US directly, his words and the Tianjin Declaration strongly opposed unfair economic measures that violate international laws of the United Nations and WTO.

Prime Minister Modi added that reforms are needed to match the aspirations of the Global South — the developing nations of Africa, Asia, and Latin America. He said, “Confusing the hopes of future generations with outdated frameworks is injustice. It’s time for a new approach.” Modi also highlighted the role SCO can play in creating an inclusive, secure, and connected world based on three pillars: security, connectivity, and opportunity.

China proposed the Global Governance Initiative (GGI), calling for a fairer, multipolar world centered on the UN and international law. The plan aims to counter unilateralism through greater political, security, and economic cooperation. China also announced a $280 million grant to SCO nations this year, along with over $1.4 billion in loans planned over the next three years. The summit also discussed cooperation on cutting-edge technologies like artificial intelligence (AI), showing the member countries’ desire for technological independence and innovation.

What’s striking is how these nations, especially India and China — long-time rivals — are coming together. Their cooperation reflects a wider rejection of Western dominance and an effort to build alternative economic and financial systems. This shows that US tariffs and sanctions may have had the opposite of their intended effect, strengthening the collective resolve of the Global South.

Overall, the Tianjin SCO Summit sends a clear message: in a world moving toward multipolarity, unilateral coercion and bullying will not be tolerated. Instead, the focus is on multilateral partnerships, fair trade, and technological collaboration — a new, more balanced world order taking shape right in front of our eyes.

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