WASHINGTON: President Donald Trump, while imposing tariffs on countries exporting commodities to USA, expected to revolutionize the American industry and bring jobs back to the United States.
Manufacturers did not open new units due to augmentation of rates. Lots of them wrapped-up their businesses. But, since the exporters did not reduce cost of their wares, the US businesses had to sacrifice thirty percent of their profit margin. The American citoyens were hit by the remaining seventy percent in the form of increased tariffs by importers.
Following a poll conducted recently, it transpired that 54% of voters opposed Trumpian Tariffs. Fifty-one percent noted that Trump’s policies had made life less affordable. Nevertheless, US Govt. happily collected $287 billion in customs duties, taxes and fees in 2025, three times the amount in 2024. This will enable uncle SAM spend more on defence, social security and debt servicing.
Indian Prime Minister Narendra Modi, while visiting China for the first time in seven years, met the host of 2-day Shanghai Cooperation Organisation (SCO) summit President Xi Jinping on the sidelines in Tianjin on 30th August, 2025.
SCO Summit: Trumpian Tariffs bring Xi, Modi and Putin closer
TIANJIN: Indian Prime Minister Narendra Modi, while visiting China for the first time in seven years, met the host of 2-day Shanghai Cooperation Organisation (SCO) summit President Xi Jinping on the sidelines here on 30th August.
The duo (representing 2.8 billion people) maintained that there was now deepening trust between the two countries. While, Modi (whose country had been slapped on 27th August by Trumpian Tariffs) said that there was now an atmosphere of peace and stability between China and India, Xi held that they should be partners, not rivals. Xi stated in his opening remarks: “The world today is swept by once-in-a-century transformations…
“The international situation is both fluid and chaotic…It is the right choice for both sides to be friends who have good neighbourly and amicable ties, partners who enable each other’s success, and to have the dragon and the elephant dance together…As long as they adhere to the overall direction of being partners rather than rivals … China-India relations can maintain stability and move forward over the long run.”
Meanwhile, Beijing had also unfurled red carpet for Russian President Vladimir Putin at Shanghai Cooperation Organisation summit, that was attended by twenty countries who pondered over regional security and trade issues against the backdrop of Trumpian Tariffs.
Newspakistan.tv
