By Admin 
US President Donald Trump has imposed tariffs on many countries including India and now its effect is also visible. The trade of many countries has been affected due to the tariff. Now India and China are preparing to respond to America in the same manner. recently Prime Minister Narendra Modi visited China. He participated in the SCO Summit in Tinjian. During this time a strong picture was revealed. PM Modi, President Xi Jinping and Vladimir Putin were seen together.
Actually, India and China are all forgetting and moving forward. Both these countries are preparing to respond to tariffs to America and Russia can support it in this. During the SCO Summit, many issues were discussed, which talked about bringing a new payment system for business. India and China can bring a new system for trade instead of dollars.
According to a report by ‘Economics Times’, Professor Matteo Majjiori, Graduate School of Stanford University, said on the changing role of geopolitics that powerful countries are now using weapons to make business and financial system political impact. Giving the example of China, he said that he controls rare minerals. Similarly, America uses the global financial system.
India-China preparing to respond to America
Majjyori said that countries like India and China are now making alternative payment systems. Both these countries want to reduce American pressure, so that they can increase their influence.
America may get a shock
America has imposed 50 percent tariff on India. He has also imposed a tariff on China. If now India and China bring a new payment system against the dollar, then America may get a shock. Till now many big countries used dollars for trade.