In China’s White Paper on national security, the country congratulates itself for maintaining peace and development and bringing “stability in a tempestuous world.” It also pats itself on the back for “creating unity and self-reliance in the Global South” thus leading to an adjustment of the international balance of power. Worth studying are its global initiatives – a new governance order.

India and Indonesia are two Asian leaders and democracies which are reconnecting after decades, even centuries – in a world rife with new volatility and uncertainty. Both countries can collaborate and learn: Indonesia is an adept trading nation and India is a powerful tech player. The two governments are on a mission to deepen and diversify their relationship, stepping out of their past, and bringing fresh thinking.

Chinese Foreign Minister Wang Yi’s visit to India comes after three years, and the outcomes from it throw up interesting issues. Three read-outs issued from this visit. One from the Chinese side and two from the Indian side. The diverse nature of the India and Chinese read-outs is striking. Certainly the visit yielded benefits; the test lies in the deliverables.

Prime Minister Narendra Modi’s visit to Japan is significant for India domestically and its extended Asian influence. His visit, just prior to the SCO Summit in China, represents a shrewd endeavour at balancing the several priorities of Indian foreign policy

The G20’s current cycle is unique, with four Global South nations presiding consecutively: Indonesia, India, Brazil, and now South Africa. Brazil’s 2023-24 presidency exhibited both achievements and struggles, prioritising social inclusion, hunger, energy transition, and governance reform. The handover to South Africa marks a significant milestone in G20 history. Will the momentum be followed by the U.S., the next G20 president but also a G20 sceptic?

India has been hit by the imposition of 50% tariffs on Indian exports to the U.S. It will break India’s exports and many businesses, especially MSMEs. There are ways to mitigate the effects, one being to grant a 5% subsidy to affected exporters. This can be swiftly executed by the EXIM Bank of India.

On August 15, President Donald Trump and President Vladimir Putin met in Alaska to discuss the Russia-Ukraine peace deal. Ivan Timofeev analyses the stakes for Russia, the U.S., Europe, and Ukraine, noting that Washington and Moscow remain decisive players while Europe and Ukraine play secondary roles. Could this meeting pave the way for peace? For India, the talks matter, as it faces an additional 25% tariff for buying Russian oil.

There was much at stake for the U.S.-Russia summit at Alaska – more than just the future of Ukraine. It will put the world back on economic track, and ease East-West relations, under stress for an on-going tariff war. For now, diplomacy has played a successful hand.

India-U.S. trade negotiations have faltered. India stepped outside its comfort zone to offer zero tariffs on industrial goods that form 40% of U.S. exports to India, but the additional 25% tariffs have rendered most Indian exports noncompetitive. Only a carefully balanced, incremental negotiating framework blending economic pragmatism with protection of core domestic interests backed by political will, stands a realistic chance of bridging the current impasse.

Who makes, imposes, administers and collects U.S. tariffs? The U.S. Congress, but for the last several decades, it has been at the discretion of the U.S. President, who has been given tariff-setting authority. Under the International Emergency Economic Powers Act, 1977, U.S. President Donald Trump has imposed reciprocal and universal tariffs on over 60 countries.