by Brian Shilhavy, Health Impact News:
This past weekend, a video clip from the 2025 Shanghai Cooperation Organization (SCO) summit held in Tianjin, China, went viral on social media, showing the three heads of state, Putin from Russia, Modi from India, and Xi from China, smiling and joking around with each other, with their translators present.
Here is the clip with commentary from India Today.
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The reason why this clip was considered so significant, is because of U.S. President Donald Trump’s new 50% tariff threats against India, for buying oil from Russia.
Trump is seemingly making the whole world enemies of the U.S. by his constant threat of tariffs made against countries who have long been allies of the U.S.
Here is a report from the UK publication, The Telegraph:
Trump’s double humiliation as Xi embraces Modi and Putin
The US-India bromance is well and truly over thanks to the president’s double dose of tariffs
Excerpts:
If Donald Trump hoped to bring India to heel, things are not going to plan.
Narendra Modi has not only proved unyielding. He is also giving the US president the silent treatment.
Since Mr Trump singled out India with an unexpectedly draconian double dose of tariffs earlier this month, he has reportedly phoned the Indian prime minister on four occasions to seek a compromise. Each time, the Indian leader refused to pick up.
In the same period, Mr Modi has twice spoken to his “friend” Vladimir Putin and dispatched his foreign minister to Moscow. This weekend, he travels to China for the first time in seven years to attend a security summit hosted by Xi Jinping, the Chinese president, in the north-eastern city of Tianjin.
The two men, long estranged but now bound by circumstance, will hold talks on Sunday. (Full article.)
Meanwhile, back in the U.S. after a long Labor Day weekend, the financial markets were mostly down on the first trading day of September, with a plethora of negative news that was related to Trump’s tariff policies, including a report that manufacturing contracts in the U.S. fell for the sixth month in a row.
Weren’t Trump’s tariffs supposed to increase manufacturing in the U.S.??
With the debt ceiling debate looming later this month and a U.S. Congress as divided as they ever have been, September 2025 could be the month this whole financial system collapses.
‘Tariffs continue to be unstable’: Manufacturing contracts for sixth month in a row, ISM finds.
From MarketWatch:
The trade wars are slowly dying down. The damage to American manufacturers is not.
Industrial production fell in August for the sixth month in a row, according to an index compiled by the Institute for Supply Management. The ISM surveys executives every month about how their businesses are doing.
The ISM manufacturing index rose to 48.7% in August from 48.0% in the prior month. Any number below 50% signals contraction.
“Tariffs continue to be unstable,” said one executive at a company that makes energy products.
“Orders across most product lines have decreased. Financial expectations for the rest of 2025 have been reduced,” an executive at a chemical maker told ISM.
“Too much uncertainty for us and our customers regarding tariffs and the U.S. and global economy.” (Full article.)
A U.S. Appeals court has ruled that most of Trump’s tariffs are illegal, and it appears that the issue is now headed to the U.S. Supreme Court.
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