Wed Sep 03 08:32:55 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Emerging Economic Powerhouse: Trade Among China, India, and Russia Soars to $452 Billion Amid Shifting Global Order**

**Tianjin, China** – As leaders from the Shanghai Cooperation Organisation (SCO) convened this week in Tianjin, China, a clear message emerged: a new economic order, centered on the Global South, is taking shape. President Xi Jinping underscored the need to reject “hegemonism and power politics” amid rising trade tensions, particularly those instigated by U.S. tariffs.

The SCO summit, gathering key emerging economies like China, India, and Russia, highlights a growing alternative to traditional, US-led international institutions. These three nations alone account for over one-fifth of global GDP, and their trilateral trade reached a substantial $452 billion in 2023, a significant jump from $351 billion the previous year.

While the U.S. remains a major trading partner for both China and India, new tariffs and geopolitical shifts are reshaping trade relationships. For example, the US imposed 50% tarrifs on Indian imports after India continued to buy discounted oil from Russia. Russia’s trade has undergone the most dramatic shift since the Ukraine war and subsequent Western sanctions. China now accounts for about one-third of Russia’s exports.

The trade dynamics within the China-India-Russia triangle reveal further complexities. China’s exports to India far outweigh India’s exports to China, resulting in a significant trade deficit for India. A similar, though less dramatic, imbalance exists between India and Russia, driven by India’s heavy reliance on discounted Russian energy imports. In constrast, Russia has a trade surplus with China, mostly due to energy products.

The SCO, representing 43% of the world’s population and 23% of global GDP, provides a platform for these nations to navigate the evolving global economic landscape and potentially challenge the existing order, particularly as grievances with Washington’s trade policies grow. The increase in trade volume amongst the three countries signals the potential strength of the SCO in the future.

Read More