New Delhi
US President Donald Trump is currently extracting his personal khunnus from India. That is why he has hit the tariff of 50 percent on India only except all countries. Not only India, Russia and China have also come under the purview of Trump. This means that the US President has become an attacker at Russia, India and China at the moment. In such a situation, the same question arises in the mind of every man whether these three countries can together end the grandeer of America. America is the most profitable from dollars in the global market. So, Russia-India and China can combine dollars together.
The answer to this is from the annoyance of US President Donald Trump. You will remember when Trump had threatened Russia, India and China for making a dollar option during the BRICS conference. Trump had said that if the BRICs conspiracy to weaken the dollar together, then 100 percent tariffs will be imposed on these countries. At present, India did not make any such effort and Trump has imposed a 50 percent tariff on it. It is obvious that there is a lot of fear in his mind that if the three countries come together, the dollar can be damaged.
How to give dollar collision
India may not have taken any special step yet to collide the US dollar, but Russia and China have been trying for a long time. China has started increasing business in local currency yuan with most of its partners. Russia has also reduced the dollar transactions to a great extent after the Ukraine War and is trading in its local currency. Although India has also done transactions in rupee with some countries including Iran, Russia, but so far no enraged deal in the global market has been done in local currency. Yes, if all the three countries start business in their own currency, then the dollar can be given a tough fight.
What can be a strategy
America needs a big market to maintain its reign and increase business. The whole world knows that India and China are two largest population i.e. consumer countries. Both these countries are also the factory of the world. China is the largest producer country, while India is on the way to become the second factory in the world. This means that these two countries are not only big producer, but also the largest consumer countries. If these three countries together with Russia do transactions and business in their currency, then the dollar can definitely get a big challenge.
How much business in all three countries
The total business of India, Russia and China is also increasing continuously. In the financial 2023-24, bilateral trade between Russia and India was more than $ 65 billion, while India and China have more than $ 130 billion. Similarly, the business of Russia and China also remained more than $ 200 billion. In this way, if the total business between the three countries is seen, it has been around $ 390 billion. It is expected to reach more than $ 400 billion.
How much global business of India-Russia and China
India’s business: India’s total international trade has been around $ 1,830 billion (around $ 1.83 trillion) in the last financial year 2024-25. The product of the product has been more than $ 1,300 billion and the import-export of services is more than $ 500 billion.
China’s total business: China exported goods worth $ 3.59 trillion worldwide and ordered $ 2.56 trillion goods. In this way, the total turnover of goods stood at $ 6.15 trillion, while the business of services reaches $ 7.56 trillion.
How much business of Russia : In the last financial year, Russia sold goods worth $ 424 billion to the world and bought $ 304 billion goods from the world. That is, the total business was $ 728 billion. If the business of services is added to this, it will increase by $ 117 billion to about $ 865 billion.
How much business of all three: In this way, the total international business of Russia, China and India has been more than about 10 trillion dollars.
How much global business of America
In the year 2024, America’s total business has been around $ 7 trillion. In this, the share of the product export was $ 2 trillion and the share of imports at $ 3.37 trillion. This means the total business of goods stood at $ 5.43 trillion, while exports of service were $ 928 billion and imports $ 700 billion. The total business of service has been $ 1.63 trillion and the total business has reached around $ 7 trillion dollars.
Who ahead in statistics
If all three countries will compete with America alone, it will be difficult, because its total business is more than China. But, if China-India and Russia stand together in front of America, then this figure sits more than the total business of America. Statistics clearly show that if the three countries stand together in front of the US dollar, then they can definitely compete in the global market.
