trade war

Canadian tourism to the US has plummeted by an average of 42%, significantly impacting major cities and industry-linked mid-sized towns. This sharp decline, attributed to President Trump's trade war, also affects business travel, with fewer tech and finance employees journeying for work. The future of cross-border travel recovery remains uncertain under current trade conditions.

Presidents Xi and Trump are set for a crucial summit, aiming for stability despite deep-seated issues like tech rivalry and Taiwan. While a trade deal might emerge, it won't end the underlying friction. China's focus on domestic chip production and its stance on Taiwan, deemed the 'biggest risk,' will also be key discussion points. The US may also expect China's mediation in ending the Iranian mess.

President Trump's visit to China is overshadowed by the Iran War, which has disrupted global energy supplies and impacted his approval ratings. While trade and Taiwan remain on the agenda, the protracted conflict in Iran presents a significant challenge, with the US struggling to achieve its war aims and facing a decline in superpower status.

President Trump embarks on a crucial three-day visit to China, set to engage in high-stakes talks with President Xi Jinping. Discussions will span critical global issues including the Middle East conflict, Taiwan, AI, and nuclear weapons. Business leaders are accompanying Trump, signaling a focus on trade and potential new deals, as both nations navigate complex economic and security landscapes.

Chinese President Xi Jinping invoked the "Thucydides Trap" during talks with US President Donald Trump, highlighting concerns that the rising power's growth could lead to conflict with the established dominant power. This theory, popularized by Graham Allison, suggests structural tensions make war more likely, a concept now central to global geopolitical debates involving trade wars and technological competition.

China's industry regulator has ordered Meta to cancel its $2 billion acquisition of Singapore-based AI firm Manus, citing national security concerns. This move follows the US announcing a crackdown on foreign tech companies exploiting AI models. China is also reportedly restricting US capital in its leading tech firms without government approval, signaling an escalating AI war.

This week, US President Donald Trump will embark on a pivotal journey to China, where his host expects 'more stability' in terms of trade disputes and the turbulence in the Middle East. A day before his visit, key economic advisers and trade negotiators will meet in Seoul to finalise critically important negotiations.

During his recent trip to Beijing, President Trump showcased a willingness to engage in conversations about US arms sales to Taiwan, confident that his personal bond with Xi Jinping would act as a buffer against any potential Chinese aggression. The visit, primarily focused on enhancing trade relations, also included key American business leaders.

As President Trump arrives in Beijing, anticipation runs low for any breakthroughs regarding China's influence over Iran and the vital Strait of Hormuz. His agenda includes discussions on trade and the pressing issue of fentanyl, yet underlying tensions over their differing views on geopolitical conflicts threaten to overshadow these talks.

President Trump declared the Strait of Hormuz permanently open for China and the world, claiming Beijing assured him it would cease arms shipments to Iran. This announcement follows a naval blockade, causing global economic disruption. Trump's unpredictable approach, blending military pressure with personal diplomacy, fuels speculation about escalation or de-escalation, while European allies consider greater defense autonomy.

Gold and silver prices in India are predicted to stay strong in fiscal year 2026-27. Global uncertainty and demand for safe-haven assets will support prices. However, high interest rates could cap significant gains. Central bank purchases and industrial demand will also provide support. Volatility is expected to continue.

China’s richest person Jack Ma argued: "it was pointless to target goods because China was on its way to becoming a major buyer of foreign products". Ma said, “trade war is the most stupid thing in this world". Ma and his fellow executives have championed China as a destination for foreign-made products.

As of July 6, 2018, the United States hiked tariffs on $34 billion worth of Chinese goods, a first step in what could become an accelerating series of tariffs. China has said that it counterattack.

China has said it would impose higher tariffs on $60 billion of US goods from June 1 in retaliation of US's tariff hike on Chinese goods. For India, a significant shift in the manufacturing sector is awaited due to the trade war. If the shift is properly positioned, it could be an advantage but if the tension persists for long, it could slow down the economy.

China is investing & producing, in huge numbers, to goose the economy. That’s leading to Chinese goods being exported, at cut-price rates, around the world, harming industry everywhere. It’s also not a good strategy for China, because it is accumulating debt

There’s a lot of weight on the shoulders of shoppers around the world, and the strain is starting to show. As threats to demand ranging from US-China trade tensions to Brexit hit business confidence and investment, consumers are proving the main drivers of global growth. But there are signs that could soon change, as weakness in manufacturing seeps into hiring, and financial markets tighten amid the trade war.

"If the tariff war escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit facing pressure and the GDP taking a setback," the chamber said in a statement.

US President Donald Trump’s tariffs on Chinese imports are getting a lot of blame for slowing the global economy, but it’s all the uncertainty from his Twitter habit and trade policy more broadly that could be even more harmful.

Former RBI governor Raghuram Rajan on Tuesday expressed concern over escalation of the trade war between the US and China saying it would be a "lose-lose" situation if the two major economies carry out their threats.

A worried China has injected $110 billion into its economy in the wake of the trade war with the US in order to shore up business confidence. The government announced a major cut in the amount of cash that commercial banks are expected to set aside and thus released huge amount of funds into the economy.

US President Donald Trump has said that China is doing very poorly as a result of the trade war and the "longer it goes on, the stronger we get". Asserting that the United States is "having a very good discussion" on a trade deal with China, Trump told reporters at the Morristown airport in New Jersey that he will speak with Chinese President Xi Jinping "very soon".

The warning from Chinese Premier Li Keqiang assumes significance because a meeting between Trump and Chinese president is in the offing. The White House has confirmed that negotiations are on to organize the first meeting between the two leaders.

While the British eventually got the largest share of the trade pie – and reins of Indian administration – it was not a one-sided fight for the European powers of 17th Century to conquer the ‘New World’ in the age of expansionism.

President Donald Trump is set to announce new measures this week to target growing Chinese investment in key technologies in the US, according to media reports, which could further escalate the trade war between the world's two largest economies.

Vietnam is by far the biggest winner from the US-China trade war so far as importers look to divert their orders to bypass higher tariffs. The Southeast Asian nation gained orders from trade diversion on tariffed goods equal to 7.9% of gross domestic product in the year through the first quarter of 2019, according to a study by Nomura Holdings Inc economists.

The duty hike move by India was in retaliation to the March 9 decision of US President Donald Trump to impose heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war.

President Trump expressed deep disappointment and shame over the Supreme Court's ruling deeming his reciprocal tariffs illegal. He accused the court of being swayed by foreign interests and a small political movement, calling some justices "fools and lapdogs" for their perceived disloyalty to the constitution. This decision significantly impacts the President's trade war strategy.