US President <a href="https://www.wionews.com/tags/donald-trump-0">Donald Trump</a>'s team privately alerted Wall Street executives about a possible trade deal between India and the US, a Fox Business journalist reported, revealing some other key details.&nbsp;
This comes just a few days after US President JD Vance, during his visit to India, indicated that the US and India had finalised "terms of reference" for a potential tariff deal.&nbsp;
Vance made the big announcement the day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations.
Also read: <a href="https://www.wionews.com/world/india-us-finalise-terms-for-trade-deal-vances-big-announcement-amid-trump-tariff-war-8990204">'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war</a>
"We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together," he said.
Fox Business Correspondent Charles Gasparino posted on X, claiming that people inside the White House are alerting Wall Street executives that they are nearing an agreement in principle on trade with India.&nbsp;
He further highlighted that if it holds, the India deal being envisioned will "include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact."
Also read: <a href="https://www.wionews.com/world/india-us-finalise-terms-for-trade-deal-vances-big-announcement-amid-trump-tariff-war-8990204">'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war</a>
Moreover, "It could be used as a template for a deal with Japan, South Korea, and Australia, my sources add," Gasparino said on X.&nbsp;
<blockquote class="twitter-tweet">
SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here&hellip;
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1915399740113535446?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
Moreover, US Treasury Secretary Scott Bessent also suggested that India is likely to be the first country to finalise a bilateral trade agreement with the US.&nbsp;
Bessent said that reaching a deal with Indians is much easier and has very little government subsidies.&nbsp;
"India also has fewer non-tariff trade barriers, obviously, no currency manipulation, very, very little government subsidies, so that reaching a deal with the Indians is much easier," Bessent told reporters.&nbsp;
Also read: <a href="https://www.wionews.com/world/pm-modi-us-vp-jd-vance-hail-significant-progress-in-india-us-trade-talks-during-vital-new-delhi-meeting-8987158">PM Modi, US VP JD Vance hail 'significant progress' in India-US trade talks during vital New Delhi meeting</a>

Vance made the announcement day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations. WORLD

US President Donald Trump's team privately alerted Wall Street executives about a possible trade deal between India and the US, a Fox Business journalist reported, revealing some other key details. This comes just a few days after US President JD Vance, during his visit to India, indicated that the US and India had finalised "terms of reference" for a potential tariff deal. Vance made the big announcement the day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations. Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war "We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together," he said. Fox Business Correspondent Charles Gasparino posted on X, claiming that people inside the White House are alerting Wall Street executives that they are nearing an agreement in principle on trade with India. He further highlighted that if it holds, the India deal being envisioned will "include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact." Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war Moreover, "It could be used as a template for a deal with Japan, South Korea, and Australia, my sources add," Gasparino said on X. SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here… — Charles Gasparino (@CGasparino) April 24, 2025 Moreover, US Treasury Secretary Scott Bessent also suggested that India is likely to be the first country to finalise a bilateral trade agreement with the US. Bessent said that reaching a deal with Indians is much easier and has very little government subsidies. "India also has fewer non-tariff trade barriers, obviously, no currency manipulation, very, very little government subsidies, so that reaching a deal with the Indians is much easier," Bessent told reporters. Also read: PM Modi, US VP JD Vance hail 'significant progress' in India-US trade talks during vital New Delhi meeting

India, a trade trendsetter? Is Trump planning to use India-US trade deal as a global template?

US President <a href="https://www.wionews.com/donald-trump" rel="dofollow noopener" target="_blank">Donald Trump</a> has said that talks with China are underway to reach a new agreement on tariffs and claimed that Chinese President Xi Jinping recently called him. In an interview published by Time magazine on Friday (April 25), Trump said, &ldquo;He&rsquo;s called. And I don&rsquo;t think that&rsquo;s a sign of weakness on his behalf.&rdquo;
Trump did not say when the call happened or what was discussed, but he expressed confidence that a deal could be finalised soon. &ldquo;I&rsquo;ll be finished making US deals on tariffs in about three or four weeks,&rdquo; he added. When asked if maintaining tariffs as high as 50% in a year would be considered a win, Trump replied, &ldquo;Total victory.&rdquo;
Also read: <a href="https://www.wionews.com/world/trump-to-run-for-a-third-term-trump-2028-goes-live-for-sale-on-his-official-store-8999053" rel="dofollow noopener" target="_blank">Trump to run for a third term? &lsquo;Trump 2028&rsquo; goes live for sale on his official store</a>
<h2>China responds with economic plans amid trade pressures</h2>
Meanwhile, in Beijing, Chinese President Xi Jinping chaired a key politburo meeting on Friday to address the country's ongoing economic troubles and the lasting effects of the US trade war. According to a statement released by state media outlet Xinhua, the meeting discussed the &ldquo;positive trend&rdquo; in the economy but acknowledged that &ldquo;the impact of external shocks has increased.&rdquo;
The politburo called for greater preparedness and resilience, emphasising the need to protect businesses and citizens from external pressures, including US tariffs. The statement said China must &ldquo;oppose unilateral bullying practices&rdquo; and push for stronger multilateral cooperation.
Also read: <a href="https://www.wionews.com/world/trump-to-be-interviewed-by-atlantic-editorguy-added-to-houthi-group-chat-how-will-he-handle-signalgate-questions-8998941" rel="dofollow noopener" target="_blank">Trump to be interviewed by Atlantic editor&mdash;guy added to Houthi group chat. How will he handle Signalgate questions?</a>
To stabilise the domestic economy, the meeting proposed several support measures. These include boosting unemployment insurance payouts, increasing incomes for low- and middle-income groups, expanding the service industry, and encouraging consumer spending.
The government also pledged to offer more financial help to struggling businesses, strengthen trade integration, and speed up housing and urban renewal projects.
The meeting came amid reports that China may cut or remove some of the steep tariffs, currently at 125%, placed on US goods. According to sources cited by Bloomberg and Reuters, items such as semiconductors, medical equipment, and certain industrial chemicals like ethane are being considered for exemption.
Watch:&nbsp;<a href="https://www.wionews.com/videos/us-china-trade-war-drives-shift-in-global-jet-market-9001438" rel="dofollow noopener" target="_blank">US-China trade war drives shift in global jet market</a>

World: Trump did not say when the call happened or what was discussed, but he expressed confidence that a deal could be finalised soon. “I’ll be finished making US deals on tariffs in about three or four weeks,” he added.

US President Donald Trump has said that talks with China are underway to reach a new agreement on tariffs and claimed that Chinese President Xi Jinping recently called him. In an interview published by Time magazine on Friday (April 25), Trump said, “He’s called. And I don’t think that’s a sign of weakness on his behalf.” Trump did not say when the call happened or what was discussed, but he expressed confidence that a deal could be finalised soon. “I’ll be finished making US deals on tariffs in about three or four weeks,” he added. When asked if maintaining tariffs as high as 50% in a year would be considered a win, Trump replied, “Total victory.” Also read: Trump to run for a third term? ‘Trump 2028’ goes live for sale on his official store China responds with economic plans amid trade pressures Meanwhile, in Beijing, Chinese President Xi Jinping chaired a key politburo meeting on Friday to address the country's ongoing economic troubles and the lasting effects of the US trade war. According to a statement released by state media outlet Xinhua, the meeting discussed the “positive trend” in the economy but acknowledged that “the impact of external shocks has increased.” The politburo called for greater preparedness and resilience, emphasising the need to protect businesses and citizens from external pressures, including US tariffs. The statement said China must “oppose unilateral bullying practices” and push for stronger multilateral cooperation. Also read: Trump to be interviewed by Atlantic editor—guy added to Houthi group chat. How will he handle Signalgate questions? To stabilise the domestic economy, the meeting proposed several support measures. These include boosting unemployment insurance payouts, increasing incomes for low- and middle-income groups, expanding the service industry, and encouraging consumer spending. The government also pledged to offer more financial help to struggling businesses, strengthen trade integration, and speed up housing and urban renewal projects. The meeting came amid reports that China may cut or remove some of the steep tariffs, currently at 125%, placed on US goods. According to sources cited by Bloomberg and Reuters, items such as semiconductors, medical equipment, and certain industrial chemicals like ethane are being considered for exemption. Watch: US-China trade war drives shift in global jet market

‘Xi called me’: Trump claims ‘total victory’ as China signals tariff retreat; Xi plans economic rescue as Beijing reels

As tariffs continue to disrupt global trade, american consumers and businesses are feeling the strain. A recent poll from the associated press-norc center reveals that 60% of u.S. Adults are extremely or very concerned about rising grocery prices.

US Companies Adjust Outlook Amid Reduced Spending

In a potential U-turn, US President Donald Trump announced that the tariffs on China may be significantly reduced if a deal is reached, however, stressed that it wont come down to zero.&nbsp;
Trump on Tuesday (April 22) indicated that the 145% tariffs on China is "very high", and it wont be that high.&nbsp;
&ldquo;145% is very high and it won&rsquo;t be that high,&rdquo; Trump told reporters in the Oval Office. &ldquo;It won&rsquo;t be anywhere near that high. It&rsquo;ll come down substantially. But it won&rsquo;t be zero.&rdquo;
Also read: <a href="https://www.wionews.com/business-economy/tariffs-tarmac-and-the-cold-war-20-usas-and-trumps-game-plan-8992745">Tariffs, Tarmac and the Cold War 2.0: USA&rsquo;s and Trump&rsquo;s Game-plan</a>
However, a White House fact sheet released recently, said that China faces up to 245% tariff. However, this figure refers to the cumulative effect of multiple tariffs on specific products, such as electric vehicles and syringes, rather than a new, blanket 245 percent tariff imposed by the US administration.
Trump made the comments when he was asked that the high tariff rates between the US and China have effectively embargoed trade between the economies.
As he plans on going easy on China now, Trump said, "We're going to be very nice and they&rsquo;re going to be very nice, and we&rsquo;ll see what happens.&rdquo;
WATCH | <a href="https://www.wionews.com/videos/chinas-export-led-growth-exposes-economy-to-tariff-hit-8988613">China's export-led growth exposes economy to tariff hit</a>
<h2>'Not the right way to deal'</h2>
Following Trump's remarks, China's Foreign Ministry said the US "can&rsquo;t say it wants to reach an agreement with China and on the other hand keeps exerting extreme pressure.&rdquo;
&ldquo;This is not the right way to deal with China and it is not feasible," the ministry added.&nbsp;
Also read: <a href="https://www.wionews.com/world/chinas-issues-big-warning-to-world-against-appeasing-trump-on-tariffs-threatens-payback-8984334">&lsquo;Asking tiger for its skin&rsquo;: China issues BIG warning to world against &lsquo;appeasing&rsquo; Trump on tariffs, threatens payback</a>
The ministry urged the US to conduct dialogue with China on the basis of equality and mutual benefit, saying such an approach was necessary for any future trade deal to take shape.
Moreover, earlier today, China said that it was open to holding trade talks with the US.&nbsp;
"We do not wish to fight, nor are we afraid of fighting," said foreign ministry spokesman Guo Jiakun at a regular press conference, adding that China would "fight to the end", if necessary.
Also read: <a href="https://www.wionews.com/business-economy/the-tariff-war-twisted-in-method-strategic-in-intent-8992769">The Tariff War - Twisted in Method, Strategic in Intent</a>

“145% is very high and it won’t be that high,” Trump said, adding, “It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” WORLD

In a potential U-turn, US President Donald Trump announced that the tariffs on China may be significantly reduced if a deal is reached, however, stressed that it wont come down to zero. Trump on Tuesday (April 22) indicated that the 145% tariffs on China is "very high", and it wont be that high. “145% is very high and it won’t be that high,” Trump told reporters in the Oval Office. “It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” Also read: Tariffs, Tarmac and the Cold War 2.0: USA’s and Trump’s Game-plan However, a White House fact sheet released recently, said that China faces up to 245% tariff. However, this figure refers to the cumulative effect of multiple tariffs on specific products, such as electric vehicles and syringes, rather than a new, blanket 245 percent tariff imposed by the US administration. Trump made the comments when he was asked that the high tariff rates between the US and China have effectively embargoed trade between the economies. As he plans on going easy on China now, Trump said, "We're going to be very nice and they’re going to be very nice, and we’ll see what happens.” WATCH | China's export-led growth exposes economy to tariff hit 'Not the right way to deal' Following Trump's remarks, China's Foreign Ministry said the US "can’t say it wants to reach an agreement with China and on the other hand keeps exerting extreme pressure.” “This is not the right way to deal with China and it is not feasible," the ministry added. Also read: ‘Asking tiger for its skin’: China issues BIG warning to world against ‘appeasing’ Trump on tariffs, threatens payback The ministry urged the US to conduct dialogue with China on the basis of equality and mutual benefit, saying such an approach was necessary for any future trade deal to take shape. Moreover, earlier today, China said that it was open to holding trade talks with the US. "We do not wish to fight, nor are we afraid of fighting," said foreign ministry spokesman Guo Jiakun at a regular press conference, adding that China would "fight to the end", if necessary. Also read: The Tariff War - Twisted in Method, Strategic in Intent

'China tariffs may come down, but...': Trump changed his mind on Beijing trade war - What will happen next?

In just a few months since Donald Trump took office, the foundations of American financial dominance, which have been in place for over a century, have never been shakier. After a devastating trade war, Trump's increased attacks on the Federal Reserve have weighed heavily on US Assets.

Investors Lose Confidence In The US Dollar & Bonds

US Vice President JD Vance on Tuesday (April 22) made a big announcement, saying that India and the US have finalised terms for a trade deal.
This comes a day after <a href="https://www.wionews.com/world/us-vp-jd-vance-and-pm-modi-announce-terms-of-reference-for-a-bilateral-trade-agreement-8988063">JD Vance</a> met Indian Prime Minister Narendra Modi in New Delhi on April 21.&nbsp;
Today, the US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations.
"We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision, because it sets a roadmap towards a final deal between our nations. I believe there is much that America and India can accomplish together," he said.
Also read: <a href="https://www.wionews.com/world/jd-vance-speaks-on-us-indias-shared-priorities-calls-pm-modi-most-popular-leader-president-trump-wants-india-to-grow-8989489">'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs</a>
Vance praised PM Modi, calling him a "tough negotiator".&nbsp;
"Prime Minister Modi is a tough negotiator. He drives a hard bargain,&rdquo; Vance said as the audience laughed.&nbsp;
Vance continued, "Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who do not suppress their wages to boost exports, but respect the value of their labour."
While saying that he is excited to be in India, Vance added that in India, America has a friend and we seek to strengthen the warm bonds our great nations already share.&nbsp;
Also read: <a href="https://www.wionews.com/india-news/jd-vance-receives-regal-welcome-by-elephants-chanda-and-pushpa-at-jaipurs-amer-fort-watch-8988967">JD Vance receives regal welcome by elephants Chanda and Pushpa at Jaipur's Amer Fort- WATCH</a>
"At our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points," the US Vice President said.
<h2>'If India and US work together...'</h2>
Vance expressed hope to work with India, to see the 21st century prosper.&nbsp;
"If India and the United States work together successfully, we&rsquo;re going to see a 21st century that is prosperous and peaceful,&rdquo; he said.&nbsp;
&ldquo;But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity," the US vice president added.&nbsp;
Trump on April 2, announced to impose 26 per cent reciprocal tariffs on India. However, later, he announced a 90-day pause, bringing temporary relief to the nations that were majorly hit by Trump's trade war.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/vance-in-india-pm-modi-vance-welcome-significant-progress-in-trade-pact-talks-8990061">Vance in India: PM Modi, Vance welcome 'significant progress' in trade pact talks</a>

US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations | WORLD

US Vice President JD Vance on Tuesday (April 22) made a big announcement, saying that India and the US have finalised terms for a trade deal. This comes a day after JD Vance met Indian Prime Minister Narendra Modi in New Delhi on April 21. Today, the US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations. "We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision, because it sets a roadmap towards a final deal between our nations. I believe there is much that America and India can accomplish together," he said. Also read: 'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs Vance praised PM Modi, calling him a "tough negotiator". "Prime Minister Modi is a tough negotiator. He drives a hard bargain,” Vance said as the audience laughed. Vance continued, "Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who do not suppress their wages to boost exports, but respect the value of their labour." While saying that he is excited to be in India, Vance added that in India, America has a friend and we seek to strengthen the warm bonds our great nations already share. Also read: JD Vance receives regal welcome by elephants Chanda and Pushpa at Jaipur's Amer Fort- WATCH "At our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points," the US Vice President said. 'If India and US work together...' Vance expressed hope to work with India, to see the 21st century prosper. "If India and the United States work together successfully, we’re going to see a 21st century that is prosperous and peaceful,” he said. “But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity," the US vice president added. Trump on April 2, announced to impose 26 per cent reciprocal tariffs on India. However, later, he announced a 90-day pause, bringing temporary relief to the nations that were majorly hit by Trump's trade war. WATCH | Vance in India: PM Modi, Vance welcome 'significant progress' in trade pact talks

'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war

China's increasing reliance on foreign demand is a critical weakness that was concealed by the country's stronger-than-expected March-quarter growth. The reason: It raises the risk of a more severe economic shock as trade tensions rise.<o:p></o:p>
Net exports accounted for over 40 per cent of the 5.4 per cent increase in March-quarter GDP, the largest percentage for this period in over a decade. That's also up from last year, when trade accounted for almost a third of overall growth.<o:p></o:p>
The latest data is also up over the previous year, when trade contributed about one-third of total growth. There has never been a riskier moment for such reliance on foreign demand.<o:p></o:p>
<h2 class="MsoNormal">Is US winning the 'Isolate China' game?<o:p></o:p></h2>
The export engine that has been powering China's growth might potentially come to a standstill as a result of the US increasing tariffs on Chinese goods. What is not helping is a general weakening of global demand as a result of President Trump's trade policies.<o:p></o:p>
China has stepped up its trade battle with the US by warning other nations not to make arrangements with Washington that would harm Beijing's interests. This shows how others could end themselves caught in the midst of the dispute.<o:p></o:p>
The Ministry of Commerce said Beijing "Resolutely opposes any party reaching a deal at the expense of China's interests." That comes as the US is tightening its noose so that China does not circumvent its tariffs by using allies to sell its goods.<o:p></o:p>
Separately, China's shadow banking crisis shows that the wealth wipeout is deepening amid a slowing domestic demand. Even though it's been almost a year since a major Chinese trust company went under, the 3.7 trillion-dollar sector is showing no signs of revival.<o:p></o:p>
According to a Bloomberg report, state-appointed custodians have recently concluded that Zhongrong International Trust is insolvent. They have submitted a winding-up proposal to regulators.<o:p></o:p>
The company had approximately 108 billion dollars in assets in 2022 when the government became involved due to significant losses on real estate and other investments. The evaluation shows that a significant part of China's shadow banking sector has been hurting for a while. It also confirms that Beijing isn't prepared to help out wealthy investors.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: China's increasing reliance on foreign demand is a critical weakness that was concealed by the country's stronger-than-expected March-quarter growth.

China's increasing reliance on foreign demand is a critical weakness that was concealed by the country's stronger-than-expected March-quarter growth. The reason: It raises the risk of a more severe economic shock as trade tensions rise. Net exports accounted for over 40 per cent of the 5.4 per cent increase in March-quarter GDP, the largest percentage for this period in over a decade. That's also up from last year, when trade accounted for almost a third of overall growth. The latest data is also up over the previous year, when trade contributed about one-third of total growth. There has never been a riskier moment for such reliance on foreign demand. Is US winning the 'Isolate China' game? The export engine that has been powering China's growth might potentially come to a standstill as a result of the US increasing tariffs on Chinese goods. What is not helping is a general weakening of global demand as a result of President Trump's trade policies. China has stepped up its trade battle with the US by warning other nations not to make arrangements with Washington that would harm Beijing's interests. This shows how others could end themselves caught in the midst of the dispute. The Ministry of Commerce said Beijing "Resolutely opposes any party reaching a deal at the expense of China's interests." That comes as the US is tightening its noose so that China does not circumvent its tariffs by using allies to sell its goods. Separately, China's shadow banking crisis shows that the wealth wipeout is deepening amid a slowing domestic demand. Even though it's been almost a year since a major Chinese trust company went under, the 3.7 trillion-dollar sector is showing no signs of revival. According to a Bloomberg report, state-appointed custodians have recently concluded that Zhongrong International Trust is insolvent. They have submitted a winding-up proposal to regulators. The company had approximately 108 billion dollars in assets in 2022 when the government became involved due to significant losses on real estate and other investments. The evaluation shows that a significant part of China's shadow banking sector has been hurting for a while. It also confirms that Beijing isn't prepared to help out wealthy investors. (With inputs from the agencies)

Is China's economy exposed to tariff hit?

Indian Prime Minister Narendra Modi on Friday (Apr 18) shared a post on X and said that he spoke to Tesla CEO Elon Musk. PM Modi said that he&nbsp; discussed a range of topics, including several key points from their previous meeting in Washington D.C. earlier this year. This conversation comes at a critical time when negotiations are underway for a bilateral trade agreement between India and the US and Trump administration's 90-days halt on reciprocal tariff.&nbsp;
In his post, PM Modi emphasised the immense potential for collaboration between India and the US, particularly in the areas of technology and innovation. "We discussed the immense potential for collaboration in the areas of technology and innovation," PM Modi wrote. The Prime Minister reaffirmed India's commitment to advancing partnerships with the US in these domains.&nbsp;
Read More | <a href="https://www.wionews.com/world/russias-putin-praises-elon-musk-compares-him-to-russian-space-legend-korolev-8970499">'Crazy about Mars': Russia's Putin praises Elon Musk, compares him to Russian space legend Korolev</a>
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m9midp0a-nxqy53wf-grm13u0x">
Spoke to <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> and talked about various issues, including the topics we covered during our meeting in Washington DC earlier this year. We discussed the immense potential for collaboration in the areas of technology and innovation. India remains committed to advancing our&hellip;
&mdash; Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1913129902100090992?ref_src=twsrc%5Etfw">April 18, 2025</a></blockquote>
Read More | <a href="https://www.wionews.com/world/us-federal-judge-temporarily-blocks-elon-musks-doge-from-accessing-personal-social-security-data-of-americans-8974429">US federal judge temporarily blocks Elon Musk's DOGE from accessing personal Social Security data of Americans</a>
<h2>PM Modi and Musk's meeting in US</h2>
PM Modi had met SpaceX CEO Elon Musk in February during his visit to Washington and discussed opportunities in space, mobility, technology, energy and exchanged notes on efforts at good governance in India and the US. The Indian Prime Minister had then shared a post on X saying, "I talked about India&rsquo;s efforts towards reform and furthering &lsquo;Minimum Government, Maximum Governance&rsquo;." External Affairs Minister S Jaishankar and NSA Ajit Doval were also present at the meeting with Musk.
Read More |&nbsp;<a href="https://www.wionews.com/world/to-meet-pm-modi-jd-vance-to-visit-india-with-second-family-personal-visit-or-talks-on-tariffs-unleashed-by-trump-8969834">&lsquo;To meet PM Modi&rsquo;: JD Vance to visit India with second family &ndash; personal visit or talks on tariffs unleashed by Trump?</a>
While it was not clear why the Indian PM spoke to Tesla's boss suddenly, it brings reassurance to Indian businesses amid global concerns regarding the trade war between China and US and Donald Trump's massive tariffs.
The call also comes days after Mukesh Ambani-owned Jio Platforms Limited (JPL) announced an agreement with Elon Musk's SpaceX to offer Starlink's high-speed broadband internet services to its customers in India.
Read More | <a href="https://www.wionews.com/world/japans-baba-vangas-prediction-on-covid-19-return-8975359">Japan's Baba Vanga prophesied the virus that killed millions will return...and very soon</a>

World, India News | Indian Prime Minister Narendra Modi on Friday (Apr 18) had a telephonic conversation with Tesla CEO Elon Musk discussed a range of topics

Indian Prime Minister Narendra Modi on Friday (Apr 18) shared a post on X and said that he spoke to Tesla CEO Elon Musk. PM Modi said that he discussed a range of topics, including several key points from their previous meeting in Washington D.C. earlier this year. This conversation comes at a critical time when negotiations are underway for a bilateral trade agreement between India and the US and Trump administration's 90-days halt on reciprocal tariff. In his post, PM Modi emphasised the immense potential for collaboration between India and the US, particularly in the areas of technology and innovation. "We discussed the immense potential for collaboration in the areas of technology and innovation," PM Modi wrote. The Prime Minister reaffirmed India's commitment to advancing partnerships with the US in these domains. Read More | 'Crazy about Mars': Russia's Putin praises Elon Musk, compares him to Russian space legend Korolev Spoke to @elonmusk and talked about various issues, including the topics we covered during our meeting in Washington DC earlier this year. We discussed the immense potential for collaboration in the areas of technology and innovation. India remains committed to advancing our… — Narendra Modi (@narendramodi) April 18, 2025 Read More | US federal judge temporarily blocks Elon Musk's DOGE from accessing personal Social Security data of Americans PM Modi and Musk's meeting in US PM Modi had met SpaceX CEO Elon Musk in February during his visit to Washington and discussed opportunities in space, mobility, technology, energy and exchanged notes on efforts at good governance in India and the US. The Indian Prime Minister had then shared a post on X saying, "I talked about India’s efforts towards reform and furthering ‘Minimum Government, Maximum Governance’." External Affairs Minister S Jaishankar and NSA Ajit Doval were also present at the meeting with Musk. Read More | ‘To meet PM Modi’: JD Vance to visit India with second family – personal visit or talks on tariffs unleashed by Trump? While it was not clear why the Indian PM spoke to Tesla's boss suddenly, it brings reassurance to Indian businesses amid global concerns regarding the trade war between China and US and Donald Trump's massive tariffs. The call also comes days after Mukesh Ambani-owned Jio Platforms Limited (JPL) announced an agreement with Elon Musk's SpaceX to offer Starlink's high-speed broadband internet services to its customers in India. Read More | Japan's Baba Vanga prophesied the virus that killed millions will return...and very soon

PM Modi dials Tesla boss Elon Musk amid tariff tensions, says "committed for advancing partnership with US"

Amid Trump's ongoing trade war, China slammed the US for abusing tariffs under the pretext of seeking reciprocity and fairness, and called Trump's 245% tariffs a "number game".&nbsp;
Chinese Foreign Ministry spokesperson Lin Jian on Thursday (April 17) said that the US has disregarded the balance of interests reached through multilateral trade negotiations, adding that it has "seriously undermined the interests and well-being of all countries."
Also read: <a href="https://www.wionews.com/world/china-wants-to-meet-trumps-big-claim-as-us-trade-war-with-beijing-heats-up-8973266">China wants to meet? Trump's BIG claim as US trade war with Beijing heats up</a>
<h2>'A number game'</h2>
Jian reacted to Trump's 245% tariffs, saying that China has made it very clear that the US extortionate tariff hikes on China have become a numbers game.&nbsp;
He added that economically, it doesn't make much actual difference anymore, except to further demonstrate how the US weaponises tariffs to coerce and bully others.
The ministry further highlighted that China's Ministry of Commerce (MOFCOM) has maintained working-level communication with its US counterpart.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/what-will-get-china-to-the-table-on-trade-talks-with-us-8971205">What will get China to the table on trade talks with US?</a>
<h2>'Up to the one who tied the bell'</h2>
China's Ministry of Commerce spokesperson He Yongqian said that Beijing is open to holding consultations with the US on economic and trade issues.&nbsp;
"The unilateral tariff hikes were initiated entirely by the US side, and it is up to the one who tied the bell to untie it," He said.
He further urged the US to immediately stop its maximum pressure tactics, coercion, and blackmail, and resolve differences through equal dialogue based on mutual respect.
Also read: <a href="https://www.wionews.com/world/china-now-needs-its-asian-family-xi-jinping-urges-regional-unity-as-us-donald-trump-threatens-beijing-with-massive-tariffs-trade-war-8972933">China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs</a>
The White House released a factsheet on Tuesday, stating that China now faces up to a 245% tariff on imports to the US as part of "retaliatory actions".&nbsp;
Earlier today, Trump pointed out that China wants to hold a meeting with the US amid the ongoing trade war. While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him.&nbsp;
"Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social.&nbsp;
Meanwhile, Trump's big statement on China, looks like progress in the ongoing two nations' trade war, as both countries continue to intensify the trade war by imposing higher tariffs.&nbsp;
Also read: <a href="https://www.wionews.com/world/is-china-again-conspiring-against-taiwan-beijings-secret-nuclear-submarines-spotted-near-taiwan-on-google-maps-8972225">Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps</a>

Jian reacted to Trump's 245% tariffs, saying that China has made it very clear that the US extortionate tariff hikes on China have become a numbers game. WORLD

Amid Trump's ongoing trade war, China slammed the US for abusing tariffs under the pretext of seeking reciprocity and fairness, and called Trump's 245% tariffs a "number game". Chinese Foreign Ministry spokesperson Lin Jian on Thursday (April 17) said that the US has disregarded the balance of interests reached through multilateral trade negotiations, adding that it has "seriously undermined the interests and well-being of all countries." Also read: China wants to meet? Trump's BIG claim as US trade war with Beijing heats up 'A number game' Jian reacted to Trump's 245% tariffs, saying that China has made it very clear that the US extortionate tariff hikes on China have become a numbers game. He added that economically, it doesn't make much actual difference anymore, except to further demonstrate how the US weaponises tariffs to coerce and bully others. The ministry further highlighted that China's Ministry of Commerce (MOFCOM) has maintained working-level communication with its US counterpart. WATCH | What will get China to the table on trade talks with US? 'Up to the one who tied the bell' China's Ministry of Commerce spokesperson He Yongqian said that Beijing is open to holding consultations with the US on economic and trade issues. "The unilateral tariff hikes were initiated entirely by the US side, and it is up to the one who tied the bell to untie it," He said. He further urged the US to immediately stop its maximum pressure tactics, coercion, and blackmail, and resolve differences through equal dialogue based on mutual respect. Also read: China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs The White House released a factsheet on Tuesday, stating that China now faces up to a 245% tariff on imports to the US as part of "retaliatory actions". Earlier today, Trump pointed out that China wants to hold a meeting with the US amid the ongoing trade war. While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him. "Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social. Meanwhile, Trump's big statement on China, looks like progress in the ongoing two nations' trade war, as both countries continue to intensify the trade war by imposing higher tariffs. Also read: Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps

'Using tariffs to bully us': China slams US trade war, asks Trump to 'untie the bell'

In a shocking statement, US President Donald <a href="https://www.wionews.com/world/too-late-jerome-powell-donald-trump-bashes-federal-reserve-chief-calls-for-his-termination-heres-why-european-central-bank-us-tariff-trade-war-8972656">Trump </a>on Thursday (April 17) pointed that China wants to hold a meeting with the US amid ongoing trade war.&nbsp;
While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him.&nbsp;
Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress".&nbsp;
Japan was the first country to formally hold negotiations with the US on tariffs.&nbsp;
Also read: <a href="https://www.wionews.com/world/china-now-needs-its-asian-family-xi-jinping-urges-regional-unity-as-us-donald-trump-threatens-beijing-with-massive-tariffs-trade-war-8972933">China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs</a>
"Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social.&nbsp;
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Moreover, today, Trump will be holding meeting with Italy, as he said in his statement.&nbsp;
Meanwhile, Trump's big statement on China, looks like a progress in the ongoing two nations' trade war, as both countries continues to intensify the trade war by imposing higher tariffs.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/what-will-get-china-to-the-table-on-trade-talks-with-us-8971205">What will get China to the table on trade talks with US?</a>
Recently, after the US imposed 245% tariffs on China as a result of its retaliatory actions, Beijing warned that it was &nbsp;"not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures".&nbsp;
"If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said.
Also read: <a href="https://www.wionews.com/world/is-china-again-conspiring-against-taiwan-beijings-secret-nuclear-submarines-spotted-near-taiwan-on-google-maps-8972225">Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps</a>
&nbsp;

Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress". WORLD

In a shocking statement, US President Donald Trump on Thursday (April 17) pointed that China wants to hold a meeting with the US amid ongoing trade war. While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him. Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress". Japan was the first country to formally hold negotiations with the US on tariffs. Also read: China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs "Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social. Moreover, today, Trump will be holding meeting with Italy, as he said in his statement. Meanwhile, Trump's big statement on China, looks like a progress in the ongoing two nations' trade war, as both countries continues to intensify the trade war by imposing higher tariffs. WATCH | What will get China to the table on trade talks with US? Recently, after the US imposed 245% tariffs on China as a result of its retaliatory actions, Beijing warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". "If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said. Also read: Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps

China wants to meet? Trump's BIG claim as US trade war with Beijing heats up

China has called for unity from the "Asian family", urging for regional unity during his tour of Southeast Asia, as Trump slapped massive tariffs on Beijing amid the trade war.&nbsp;
Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday.&nbsp;
This clearly reflects <a href="https://www.wionews.com/world/a-trade-wars-ripple-effect-how-the-us-china-tariff-clash-shakes-the-world-and-india-8968725">China</a>'s enthusiasm to tackle US tariff pressure as Trump singles out China while granting mercy to other nations, who were ready to negotiate.&nbsp;
Also read: <a href="https://www.wionews.com/world/is-china-again-conspiring-against-taiwan-beijings-secret-nuclear-submarines-spotted-near-taiwan-on-google-maps-8972225">Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps</a>
&ldquo;China and Malaysia will stand with countries in the region to combat the undercurrents of geopolitical and bloc-based confrontation,&rdquo; Xi said in the Malaysian administrative capital of Putrajaya.&nbsp;
&ldquo;Together we will safeguard the bright prospects of our Asian family," he added.
China and Malaysia in a joint statement, agreed to enhance collaboration on industry, supply chains, data and talent.&nbsp;
They further committed to implementing their Five-Year Programme for Economic and Trade Cooperation and building a &ldquo;high-level strategic Malaysia-China community.&rdquo;
WATCH | <a href="https://www.wionews.com/videos/what-will-get-china-to-the-table-on-trade-talks-with-us-8971205">What will get China to the table on trade talks with US?</a>
Moreover, in an article published in Cambodian media, Jinping, said, "Together we must stand against hegemonism, power politics," adding that the two neighbours should &ldquo;resolutely oppose any attempts by external forces to interfere in our internal affairs, sow discord.&rdquo;
This comes as Trump imposed a whopping 245% tariffs on China on Tuesday, which earlier started with 34%. When Beijing did not back out on retaliatory tariffs, the White House announced that China is now facing 245% tariffs.&nbsp;
China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.&nbsp;
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". He further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations.&nbsp;
Also read: <a href="https://www.wionews.com/world/is-trumps-tariff-war-pushing-desperate-china-closer-to-its-neighbours-heres-how-beijing-wants-to-team-up-with-india-8969819">Is Trump&rsquo;s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India</a>

Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday. WORLD

China has called for unity from the "Asian family", urging for regional unity during his tour of Southeast Asia, as Trump slapped massive tariffs on Beijing amid the trade war. Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday. This clearly reflects China's enthusiasm to tackle US tariff pressure as Trump singles out China while granting mercy to other nations, who were ready to negotiate. Also read: Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps “China and Malaysia will stand with countries in the region to combat the undercurrents of geopolitical and bloc-based confrontation,” Xi said in the Malaysian administrative capital of Putrajaya. “Together we will safeguard the bright prospects of our Asian family," he added. China and Malaysia in a joint statement, agreed to enhance collaboration on industry, supply chains, data and talent. They further committed to implementing their Five-Year Programme for Economic and Trade Cooperation and building a “high-level strategic Malaysia-China community.” WATCH | What will get China to the table on trade talks with US? Moreover, in an article published in Cambodian media, Jinping, said, "Together we must stand against hegemonism, power politics," adding that the two neighbours should “resolutely oppose any attempts by external forces to interfere in our internal affairs, sow discord.” This comes as Trump imposed a whopping 245% tariffs on China on Tuesday, which earlier started with 34%. When Beijing did not back out on retaliatory tariffs, the White House announced that China is now facing 245% tariffs. China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs. China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". He further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations. Also read: Is Trump’s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India

China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs

US President Donald Trump once again lashed out at Federal Reserve Chief Jerome <a href="https://www.wionews.com/videos/powell-crypto-has-gone-mainstream-now-it-needs-rules-8971166">Powell</a>, calling him "TOO LATE AND WRONG" over his inflation remarks.&nbsp;
Trump also asked Powell to lower interest rates in the country and called for his termination.&nbsp;
In a post on Truth Social, the US president said, "The ECB is expected to cut interest rates for the 7th time, and yet, &ldquo;Too Late&rdquo; Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete &ldquo;mess!&rdquo;
Also read: <a href="https://www.wionews.com/world/is-trumps-tariff-war-pushing-desperate-china-closer-to-its-neighbours-heres-how-beijing-wants-to-team-up-with-india-8969819">Is Trump&rsquo;s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India</a>
Trump in his post continued, "Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell&rsquo;s termination cannot come fast enough!."
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<h2>Powell's warning</h2>
On Wednesday, during an event hosted by the Economic Club of Chicago, Powell said that Trump's significant policy changes are unlike anything seen in modern history.&nbsp;
Powell warned that Trump's trade tariffs pose a serious risk to the American economy by potentially accelerating inflation and dampening economic growth.
WATCH | <a href="https://www.wionews.com/videos/us-china-trade-war-us-imposes-245-tariffs-on-chinese-imports-8969057">US-China trade war: US imposes 245% tariffs on Chinese imports</a>
He added that &ldquo;the level of the tariff increases announced so far is significantly larger than anticipated&rdquo; and that the lingering uncertainty around tariffs could inflict lasting economic damage.&nbsp;
"Tariffs are highly likely to generate at least a temporary rise in inflation," Powell said, adding that the inflationary effects "could also be more persistent."
Despite the threat, Powell cleared that the Fed would not rush to intervene and no immediate changes would be made to the current interest rate range of 4.25 to 4.50 per cent.
Also read: <a href="https://www.wionews.com/videos/powell-says-2024-inflation-forecast-has-kind-of-fallen-apart-785168">Powell Says 2024 Inflation Forecast Has 'Kind Of Fallen Apart'</a>

Powell warned that Trump's trade tariffs pose a serious risk to the American economy by potentially accelerating inflation and dampening economic growth. WORLD

US President Donald Trump once again lashed out at Federal Reserve Chief Jerome Powell, calling him "TOO LATE AND WRONG" over his inflation remarks. Trump also asked Powell to lower interest rates in the country and called for his termination. In a post on Truth Social, the US president said, "The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Also read: Is Trump’s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India Trump in his post continued, "Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!." Powell's warning On Wednesday, during an event hosted by the Economic Club of Chicago, Powell said that Trump's significant policy changes are unlike anything seen in modern history. Powell warned that Trump's trade tariffs pose a serious risk to the American economy by potentially accelerating inflation and dampening economic growth. WATCH | US-China trade war: US imposes 245% tariffs on Chinese imports He added that “the level of the tariff increases announced so far is significantly larger than anticipated” and that the lingering uncertainty around tariffs could inflict lasting economic damage. "Tariffs are highly likely to generate at least a temporary rise in inflation," Powell said, adding that the inflationary effects "could also be more persistent." Despite the threat, Powell cleared that the Fed would not rush to intervene and no immediate changes would be made to the current interest rate range of 4.25 to 4.50 per cent. Also read: Powell Says 2024 Inflation Forecast Has 'Kind Of Fallen Apart'

'TOO LATE Jerome Powell': Trump bashes Fed Reserve Chief, calls for his termination - Here's why

Trump administration has announced a new tariff of up to 245% on Chinese imports. The move sharply escalates the trade conflict between the United States and China. The decision comes in response to Beijing’s recent export restrictions and retaliatory tariffs. Watch in for more details!

China hit by tariffs up to 245% on imports amid escalating trade tensions

The US-China trade war, now raging with 145 per cent US tariffs on Chinese goods and 125 per cent retaliatory tariffs from China as of April 2025, is sending shockwaves through the global economy. This escalating conflict, described as a &ldquo;monumental split&rdquo; by The New York Times, is not just a tussle between two superpowers&mdash;it&rsquo;s a crisis that threatens to reshape trade, prices, and growth worldwide. For India, caught in the crossfire with its massive trade ties to both nations, this war brings both golden opportunities and daunting challenges. As an Indian, I see this as a moment for us to navigate carefully, balancing ambition with caution.
The global economy is reeling from this trade war. The US tariffs, which CNBC reports as effectively 145 per cent on Chinese imports, and China&rsquo;s 125 per cent counter-tariffs, are making goods costlier. From electronics to raw materials, prices are climbing, stoking inflation fears. Reuters notes that consumer inflation expectations in the US have hit a 40-year high, with fears of &ldquo;tarifflation&rdquo; pushing prices up further. Supply chains, heavily dependent on China&mdash;the world&rsquo;s factory&mdash;are in chaos. Shortages and delays are looming, as CNN Business warns, disrupting everything from car manufacturing to smartphone production. Financial markets are jittery too. India Today reports a $180 billion wipeout in Indian stocks in early 2025, reflecting global investor panic. If this continues, economists warn of a possible recession, with the IMF flagging a potential 0.5 per cent hit to global GDP, translating to billions in lost output.
Also read | <a href="https://www.wionews.com/world/china-opens-to-talks-with-us-amid-tariff-war-wants-trump-admin-to-show-respect-8968109">China opens to talks with US amid tariff war, wants Trump admin to show respect</a>
India, with its US$118.40 billion trade with China in FY24 (IBEF), feels the heat acutely. As China&rsquo;s top trading partner, surpassing even the US (Trading Economics), India relies heavily on Chinese imports&mdash;US$117.68 billion worth in 2023 alone. These include critical components for electronics, pharmaceuticals, and machinery. With tariffs driving up costs, Indian businesses and consumers could face higher prices. For instance, smartphones and medicines, heavily dependent on Chinese parts, may become pricier, as India Today points out. Rising oil prices, spurred by trade tensions, could further inflate India&rsquo;s import bill, adding to inflation woes. India warns that this could weaken demand for Indian goods, especially in labour-intensive sectors like textiles and gems, already hit by global slowdowns.
Yet, there&rsquo;s a silver lining. The trade war is pushing companies to rethink their supply chains, and India stands to gain. The Tribune highlights how firms like Apple and Tesla are shifting manufacturing to India, drawn by its large workforce and growing infrastructure. This could boost jobs and foreign investment, aligning with the &ldquo;Make in India&rdquo; vision. Wright Research notes that India&rsquo;s electronics sector, especially telecom equipment like iPhones, has already seen a tenfold rise in US import share since 2017. If India secures trade deals with the US, as CNBC suggests, it could replace Chinese goods in American markets, boosting exports. China&rsquo;s restrictions on US markets may also redirect its exports to India, offering cheaper goods for Indian importers, per Wright Research.
Also read | <a href="https://www.wionews.com/world/trump-says-ball-is-in-chinas-court-on-beijing-to-make-tariff-deal-with-him-8967865">Trump says 'ball is in China's court' on Beijing to make tariff deal with him</a>
But seizing these opportunities isn&rsquo;t easy. India&rsquo;s exporters, particularly in metals, are at risk. Wright Research reports a 5.6 per cent plunge in the Nifty Metal Index in just three trading sessions in 2025, a sign of global trade contraction. India Today recalls how past trade wars hurt Indian exporters, and this round could be worse. Infrastructure bottlenecks and red tape, as The New York Times notes, hinder India&rsquo;s ability to fully replace China as a manufacturing hub. Geopolitically, India must tread carefully. The US is a key ally in security and technology, but Indian Express quotes Chinese calls for India to stand against US &ldquo;tariff abuses.&rdquo; Balancing these ties while protecting trade interests is a tightrope walk, as The Tribune emphasizes.
So, what should India do? First, it must fast-track reforms to attract foreign investment. Easing business regulations and improving infrastructure, as CNBC suggests, could make India a magnet for companies fleeing China. Second, boosting domestic manufacturing is crucial to cut reliance on Chinese imports. The &ldquo;Make in India&rdquo; push needs more momentum, with incentives for local production in electronics and pharmaceuticals. Third, India should ramp up diplomatic efforts. The Tribune notes ongoing talks with the US for a trade deal by autumn 2025, aiming for $500 billion in two-way trade by 2030. Exploring deals with other nations, like the EU or Vietnam, could diversify trade and cushion global shocks.
This trade war is a wake-up call for India. The global economy faces turbulent times, with inflation, supply chain woes, and recession risks looming large. India, with its strategic position, can turn this crisis into a chance to shine as a manufacturing and trade hub. But it must act swiftly&mdash;streamlining policies, strengthening industries, and navigating geopolitics with finesse. As Reuters warns, the world is watching a trade war that could redefine economic power. For India, the choice is clear: adapt and thrive, or risk being swept away by the storm.

The global economy is reeling from this trade war. The US tariffs, which CNBC reports as effectively 145 per cent on Chinese imports, and China’s 125 per cent counter-tariffs, are making goods costlier. World | India news

The US-China trade war, now raging with 145 per cent US tariffs on Chinese goods and 125 per cent retaliatory tariffs from China as of April 2025, is sending shockwaves through the global economy. This escalating conflict, described as a “monumental split” by The New York Times, is not just a tussle between two superpowers—it’s a crisis that threatens to reshape trade, prices, and growth worldwide. For India, caught in the crossfire with its massive trade ties to both nations, this war brings both golden opportunities and daunting challenges. As an Indian, I see this as a moment for us to navigate carefully, balancing ambition with caution. The global economy is reeling from this trade war. The US tariffs, which CNBC reports as effectively 145 per cent on Chinese imports, and China’s 125 per cent counter-tariffs, are making goods costlier. From electronics to raw materials, prices are climbing, stoking inflation fears. Reuters notes that consumer inflation expectations in the US have hit a 40-year high, with fears of “tarifflation” pushing prices up further. Supply chains, heavily dependent on China—the world’s factory—are in chaos. Shortages and delays are looming, as CNN Business warns, disrupting everything from car manufacturing to smartphone production. Financial markets are jittery too. India Today reports a $180 billion wipeout in Indian stocks in early 2025, reflecting global investor panic. If this continues, economists warn of a possible recession, with the IMF flagging a potential 0.5 per cent hit to global GDP, translating to billions in lost output. Also read | China opens to talks with US amid tariff war, wants Trump admin to show respect India, with its US$118.40 billion trade with China in FY24 (IBEF), feels the heat acutely. As China’s top trading partner, surpassing even the US (Trading Economics), India relies heavily on Chinese imports—US$117.68 billion worth in 2023 alone. These include critical components for electronics, pharmaceuticals, and machinery. With tariffs driving up costs, Indian businesses and consumers could face higher prices. For instance, smartphones and medicines, heavily dependent on Chinese parts, may become pricier, as India Today points out. Rising oil prices, spurred by trade tensions, could further inflate India’s import bill, adding to inflation woes. India warns that this could weaken demand for Indian goods, especially in labour-intensive sectors like textiles and gems, already hit by global slowdowns. Yet, there’s a silver lining. The trade war is pushing companies to rethink their supply chains, and India stands to gain. The Tribune highlights how firms like Apple and Tesla are shifting manufacturing to India, drawn by its large workforce and growing infrastructure. This could boost jobs and foreign investment, aligning with the “Make in India” vision. Wright Research notes that India’s electronics sector, especially telecom equipment like iPhones, has already seen a tenfold rise in US import share since 2017. If India secures trade deals with the US, as CNBC suggests, it could replace Chinese goods in American markets, boosting exports. China’s restrictions on US markets may also redirect its exports to India, offering cheaper goods for Indian importers, per Wright Research. Also read | Trump says 'ball is in China's court' on Beijing to make tariff deal with him But seizing these opportunities isn’t easy. India’s exporters, particularly in metals, are at risk. Wright Research reports a 5.6 per cent plunge in the Nifty Metal Index in just three trading sessions in 2025, a sign of global trade contraction. India Today recalls how past trade wars hurt Indian exporters, and this round could be worse. Infrastructure bottlenecks and red tape, as The New York Times notes, hinder India’s ability to fully replace China as a manufacturing hub. Geopolitically, India must tread carefully. The US is a key ally in security and technology, but Indian Express quotes Chinese calls for India to stand against US “tariff abuses.” Balancing these ties while protecting trade interests is a tightrope walk, as The Tribune emphasizes. So, what should India do? First, it must fast-track reforms to attract foreign investment. Easing business regulations and improving infrastructure, as CNBC suggests, could make India a magnet for companies fleeing China. Second, boosting domestic manufacturing is crucial to cut reliance on Chinese imports. The “Make in India” push needs more momentum, with incentives for local production in electronics and pharmaceuticals. Third, India should ramp up diplomatic efforts. The Tribune notes ongoing talks with the US for a trade deal by autumn 2025, aiming for $500 billion in two-way trade by 2030. Exploring deals with other nations, like the EU or Vietnam, could diversify trade and cushion global shocks. This trade war is a wake-up call for India. The global economy faces turbulent times, with inflation, supply chain woes, and recession risks looming large. India, with its strategic position, can turn this crisis into a chance to shine as a manufacturing and trade hub. But it must act swiftly—streamlining policies, strengthening industries, and navigating geopolitics with finesse. As Reuters warns, the world is watching a trade war that could redefine economic power. For India, the choice is clear: adapt and thrive, or risk being swept away by the storm.

A trade war’s ripple effect: How the US-China tariff clash shakes the world and India

Amid Trump's intensifying <a href="https://www.wionews.com/world/chinas-economy-grew-54-in-first-quarter-but-us-tariffs-putting-pressure-on-economy-trade-8966732">trade war</a>, China is now facing tariffs up to 245% on imports to the United States as a result of its retaliatory actions, according to a White House statement.&nbsp;
This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.&nbsp;
However, now, as it sums up, China now faces up to 245% tariffs on imports to the US as the two nations keep on imposing retaliatory tariffs, with no mood to negotiate.&nbsp;
Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/chinas-gdp-growth-defies-expectations-tariff-risks-loom-8967252">China's GDP growth defies expectations, tariff risks loom</a>
<h2>China responds&nbsp;</h2>
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures".&nbsp;
China further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
"If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said.
Also read: <a href="https://www.wionews.com/world/china-opens-to-talks-with-us-amid-tariff-war-wants-trump-admin-to-show-respect-8968109">China opens to talks with US amid tariff war, wants Trump admin to show respect</a>
After China pulled out of the Boeing agreement to take delivery of aircraft it committed to, Trump took to Truth Social, saying, "Interestingly, they just reneged on the big Boeing deal, saying that they will &lsquo;not take possession&rsquo; of fully committed to aircraft.&rdquo; He also criticised the Biden administration, saying, &ldquo;They had ZERO respect for the Crooked Biden Administration, and who can blame them for that?&rdquo;
On Tuesday, White House Press Secretary Karoline Leavitt said that Trump is open to making a trade deal with China, but Beijing should make the first move.&nbsp;
"The ball is in China's court: China needs to make a deal with us, we don't have to make a deal with them," Leavitt told a press briefing. "China wants what we have ... the American consumer, or to put another way, they need our money," Leavitt said.
Also read: <a href="https://www.wionews.com/world/trump-says-ball-is-in-chinas-court-on-beijing-to-make-tariff-deal-with-him-8967865">Trump says 'ball is in China's court' on Beijing to make tariff deal with him</a>

World: This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.

Amid Trump's intensifying trade war, China is now facing tariffs up to 245% on imports to the United States as a result of its retaliatory actions, according to a White House statement. This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs. However, now, as it sums up, China now faces up to 245% tariffs on imports to the US as the two nations keep on imposing retaliatory tariffs, with no mood to negotiate. Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations. WATCH | China's GDP growth defies expectations, tariff risks loom China responds China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". China further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. "If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said. Also read: China opens to talks with US amid tariff war, wants Trump admin to show respect After China pulled out of the Boeing agreement to take delivery of aircraft it committed to, Trump took to Truth Social, saying, "Interestingly, they just reneged on the big Boeing deal, saying that they will ‘not take possession’ of fully committed to aircraft.” He also criticised the Biden administration, saying, “They had ZERO respect for the Crooked Biden Administration, and who can blame them for that?” On Tuesday, White House Press Secretary Karoline Leavitt said that Trump is open to making a trade deal with China, but Beijing should make the first move. "The ball is in China's court: China needs to make a deal with us, we don't have to make a deal with them," Leavitt told a press briefing. "China wants what we have ... the American consumer, or to put another way, they need our money," Leavitt said. Also read: Trump says 'ball is in China's court' on Beijing to make tariff deal with him

'Stop threatening': China warns after US slaps Beijing with whopping 245% tariffs

India, which is currently facing a whooping 26% tariff from the US, has been pushing hard in recent years to become a manufacturing alternative to China. However now, it seems like it can have that opportunity.&nbsp;
India's biggest economic rival China and countries like Vietnam are facing worse tariffs, imposed by US President Donald Trump.&nbsp;
However, India, along with more than 70 countries has got some relief after Trump announced to pause tariffs on these nations, while continuing to bash China with increasing tariffs, making it 145 per cent.&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-waives-off-trump-tariffs-on-these-chinese-products-8962784">Trump waives off tariffs on THESE 'Chinese' products</a>
<h2>'A significant opportunity'</h2>
Praveen Khandelwal, a member of Parliament from Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP), said that the sky-high tax on Chinese imports to America presented "a significant opportunity for India&rsquo;s trade and industry."&nbsp;
For the past 10 years, Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now, but its factories are not ready.&nbsp;
The Indian government also paid incentives to companies producing goods in strategic sectors, budgeting over $26 billion and tried to attract foreign investments as it seeks to reduce India's dependence on Chinese imports.&nbsp;
Notably, India aimed to create 100 million new manufacturing jobs by 2022.&nbsp;
Also read: <a href="https://www.wionews.com/world/the-trump-effect-in-action-nvidia-to-manufacture-ai-chips-in-us-as-trump-plans-to-announce-semiconductor-tariffs-8962326">&lsquo;The Trump Effect in action&rsquo;: Nvidia to manufacture AI chips in US as Trump plans to announce &lsquo;semiconductor tariffs&rsquo;</a>
<h2>'Foxconn in India'</h2>
However, India has reached some of its goals. One of them was Foxconn, the Taiwanese contract manufacturer, has started making iPhones for Apple in India, moving some work away from China.
China's economy is five time than of India's size, and is the biggest of the Asian countries to have sped toward growth.&nbsp;
As India awaits its breakthrough, under PM Modi's leadership, 10 years has not been enough to train the country's growing workforce to match businesses' needs.&nbsp;
US Treasury Secretary Scott Bessent has noted what insiders are calling a "grand encirclement", a diplomatic and economic coalition with India, Japan, Vietnam and South Korea to isolate Beijing and weaken its grip on global trade.&nbsp;
&ldquo;They&rsquo;ve been good military allies, not perfect economic allies. At the end of the day, we can probably reach an agreement with them. Then we can approach China as a group,&rdquo; Bessent said.
WATCH | <a href="https://www.wionews.com/videos/us-china-tariff-war-white-house-optimistic-about-a-trade-deal-with-china-8964927">US-China tariff war: White House optimistic about a trade deal with China</a>
According to reports, officials in New Delhi confirmed that they are working on a comprehensive bilateral trade agreement (BTA) with the US, spanning digital trade, goods, labour mobility and more.&nbsp;
<h2>'A package deal'</h2>
India is exploring a "package deal" approach, offering sector-specific concessions on textiles, gems, chemicals and agriculture in exchange for US market access and tech collaboration.&nbsp;
&ldquo;India has a lot of elbow room for trade deals with developed nations,&rdquo; India's Commerce Minister Piyush Goyal said. &ldquo;But we must be cautious about dumping from China.&rdquo;
Meanwhile, White House insiders said that deals with India are progressing faster than with other countries, thanks in part to shared concerns over China and India&rsquo;s relatively low exposure to US tariffs.
Also read: <a href="https://www.wionews.com/world/amid-ongoing-tariff-war-china-accuses-us-of-cyberattacks-issues-arrest-warrants-for-3-nsa-agents-8964606">Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA &lsquo;agents&rsquo;</a>
(With inputs from agencies)&nbsp;

PM Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now | World, india news

India, which is currently facing a whooping 26% tariff from the US, has been pushing hard in recent years to become a manufacturing alternative to China. However now, it seems like it can have that opportunity. India's biggest economic rival China and countries like Vietnam are facing worse tariffs, imposed by US President Donald Trump. However, India, along with more than 70 countries has got some relief after Trump announced to pause tariffs on these nations, while continuing to bash China with increasing tariffs, making it 145 per cent. Also read: Trump waives off tariffs on THESE 'Chinese' products 'A significant opportunity' Praveen Khandelwal, a member of Parliament from Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP), said that the sky-high tax on Chinese imports to America presented "a significant opportunity for India’s trade and industry." For the past 10 years, Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now, but its factories are not ready. The Indian government also paid incentives to companies producing goods in strategic sectors, budgeting over $26 billion and tried to attract foreign investments as it seeks to reduce India's dependence on Chinese imports. Notably, India aimed to create 100 million new manufacturing jobs by 2022. Also read: ‘The Trump Effect in action’: Nvidia to manufacture AI chips in US as Trump plans to announce ‘semiconductor tariffs’ 'Foxconn in India' However, India has reached some of its goals. One of them was Foxconn, the Taiwanese contract manufacturer, has started making iPhones for Apple in India, moving some work away from China. China's economy is five time than of India's size, and is the biggest of the Asian countries to have sped toward growth. As India awaits its breakthrough, under PM Modi's leadership, 10 years has not been enough to train the country's growing workforce to match businesses' needs. US Treasury Secretary Scott Bessent has noted what insiders are calling a "grand encirclement", a diplomatic and economic coalition with India, Japan, Vietnam and South Korea to isolate Beijing and weaken its grip on global trade. “They’ve been good military allies, not perfect economic allies. At the end of the day, we can probably reach an agreement with them. Then we can approach China as a group,” Bessent said. WATCH | US-China tariff war: White House optimistic about a trade deal with China According to reports, officials in New Delhi confirmed that they are working on a comprehensive bilateral trade agreement (BTA) with the US, spanning digital trade, goods, labour mobility and more. 'A package deal' India is exploring a "package deal" approach, offering sector-specific concessions on textiles, gems, chemicals and agriculture in exchange for US market access and tech collaboration. “India has a lot of elbow room for trade deals with developed nations,” India's Commerce Minister Piyush Goyal said. “But we must be cautious about dumping from China.” Meanwhile, White House insiders said that deals with India are progressing faster than with other countries, thanks in part to shared concerns over China and India’s relatively low exposure to US tariffs. Also read: Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA ‘agents’ (With inputs from agencies)

India could 'benefit' from Trump’s intensifying trade war with China but only if it takes the leap | EXPLAINED

Global investment banks are lowering their projections for China's economic growth this year as U.S. President Donald Trump's aggressive tariffs are expected to take a toll on the world's second-largest economy.

Global banks cut China growth forecasts as trade war with US deepens

A Chinese diplomat claimed that a dress worn by White House Press Secretary Karoline Leavitt was made in China, amid the ongoing <a href="https://www.wionews.com/world/xi-jinping-issues-warning-against-trump-tariffs-as-china-eyes-to-cast-itself-as-leader-in-southeast-asia-8961642">trade war</a> between Washington and Beijing, initiated by President Donald Trump.&nbsp;
The ongoing trade war has been intensifying after Trump imposed tariffs on China, after which it retaliated with retaliatory tariffs.&nbsp;
Chinese envoy Zhang Zhishen stirred a controversy with his post on Leavitt's dress amid the ongoing trade war.&nbsp;
He accused Trump's press secretary of hypocrisy after she appeared in a red lace dress during a briefing, which he claimed was "Made in China".&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-alleges-china-vietnam-talks-aimed-at-undermining-us-interests-8964706">Trump alleges China-Vietnam talks aimed at undermining US interests</a>
<h2>'Buying China is life'</h2>
In a social media post on X, Chinese diplomat &nbsp;Zhishen, who serves as the Consul General of the People's Republic of China in Denpasar, shared a picture of the White House secretary, wearing a red dress with black lace on it.&nbsp;
"Accusing China is business. Buying China is life. The beautiful lace on the dress was recognized by an employee of a Chinese company as its product," he claimed in a post on X.&nbsp;
<blockquote class="twitter-tweet">
Accusing China is business. Buying China is life. The beautiful lace on the dress was recognized by an employee of a Chinese company as its product. <a href="https://t.co/SfPyM4M02Z">pic.twitter.com/SfPyM4M02Z</a>
&mdash; Zhang Zhisheng 张志昇 (@salahzhang) <a href="https://twitter.com/salahzhang/status/1911665619520630914?ref_src=twsrc%5Etfw">April 14, 2025</a></blockquote>
Recently, Trump paused tariffs on 75+ countries, but imposed higher tariffs on China, marking the beginning of a trade war.&nbsp;
Also read: <a href="https://www.wionews.com/world/amid-ongoing-tariff-war-china-accuses-us-of-cyberattacks-issues-arrest-warrants-for-3-nsa-agents-8964606">Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA &lsquo;agents&rsquo;</a>
To this, China warned Trump and imposed even higher tariffs on the US. On Monday, Chinese President Xi Jinping warned that trade wars benefit no one in a thinly veiled message aimed at Trump&rsquo;s continued tariffs on Chinese goods.
China currently faces tariffs as high as 145 percent on several exports to the US. In response, Beijing imposed 125 percent tariffs on American products and has promised to keep retaliating.
WATCH | <a href="https://www.wionews.com/videos/tensions-rise-as-china-holds-key-to-uk-steels-survival-8963358">Tensions rise as China holds key to UK Steel&rsquo;s survival</a>
(With inputs from agencies)

He accused Trump's press secretary of hypocrisy after she appeared in a red lace dress during a briefing, which he claimed was "Made in China" | World

A Chinese diplomat claimed that a dress worn by White House Press Secretary Karoline Leavitt was made in China, amid the ongoing trade war between Washington and Beijing, initiated by President Donald Trump. The ongoing trade war has been intensifying after Trump imposed tariffs on China, after which it retaliated with retaliatory tariffs. Chinese envoy Zhang Zhishen stirred a controversy with his post on Leavitt's dress amid the ongoing trade war. He accused Trump's press secretary of hypocrisy after she appeared in a red lace dress during a briefing, which he claimed was "Made in China". Also read: Trump alleges China-Vietnam talks aimed at undermining US interests 'Buying China is life' In a social media post on X, Chinese diplomat Zhishen, who serves as the Consul General of the People's Republic of China in Denpasar, shared a picture of the White House secretary, wearing a red dress with black lace on it. "Accusing China is business. Buying China is life. The beautiful lace on the dress was recognized by an employee of a Chinese company as its product," he claimed in a post on X. Accusing China is business. Buying China is life. The beautiful lace on the dress was recognized by an employee of a Chinese company as its product. pic.twitter.com/SfPyM4M02Z — Zhang Zhisheng 张志昇 (@salahzhang) April 14, 2025 Recently, Trump paused tariffs on 75+ countries, but imposed higher tariffs on China, marking the beginning of a trade war. Also read: Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA ‘agents’ To this, China warned Trump and imposed even higher tariffs on the US. On Monday, Chinese President Xi Jinping warned that trade wars benefit no one in a thinly veiled message aimed at Trump’s continued tariffs on Chinese goods. China currently faces tariffs as high as 145 percent on several exports to the US. In response, Beijing imposed 125 percent tariffs on American products and has promised to keep retaliating. WATCH | Tensions rise as China holds key to UK Steel’s survival (With inputs from agencies)

'Buying China is life': Trump's press secretary wears 'Made in China' dress, Chinese envoy claims amid raging trade war

The European Commission has issued burner phones and stripped-down laptops to senior officials travelling to the US, over spying risk.&nbsp;
This level of precaution was previously reserved for trips to China and Ukraine, according to the UK-based Financial Times.
This reflects the heightened tensions, mistrust and strained relations, and a shift in how Brussels views Washington under the current US administration.&nbsp;
Also read: <a href="https://www.wionews.com/world/this-is-bidens-war-eu-convenes-emergency-talks-after-trump-calls-russian-strike-on-ukraine-a-mistake-8960870">&lsquo;This is Biden&rsquo;s war&rsquo;: EU convenes emergency talks after Trump calls Russian strike on Ukraine a &lsquo;mistake&rsquo;</a>
These spy-proof gears will be issued to commissioners and high-ranking officials who will be traveling to the US next week for the International Monetary Fund (IMF) and World Bank spring meetings.&nbsp;
The EU delegation, who will be attending the next week's meetings, includes Valdis Dombrovskis (Economy), Maria Lu&iacute;s Albuquerque (Financial Services), and Jozef S&iacute;kela (Development Assistance).&nbsp;
They are expected to represent the EU in high-level talks, even as security and trust concerns cast a long shadow over diplomatic exchanges.
Also read: <a href="https://www.wionews.com/world/trump-waives-off-trump-tariffs-on-these-chinese-products-8962784">Trump waives off tariffs on THESE 'Chinese' products</a>
One of the officials said, "They are worried about the US getting into the commission systems."
The US-bound staff should switch off their phones at the border and put them in special sleeves to protect them from surveillance if left unattended, according to people familiar with the situation. &nbsp;
Such kinds of measures are traditionally reserved for countries like China and Ukraine, where standard IT kits can't be brought into the countries given the risk of espionage, according to officials.&nbsp;
Also read: <a href="https://www.wionews.com/world/the-trump-effect-in-action-nvidia-to-manufacture-ai-chips-in-us-as-trump-plans-to-announce-semiconductor-tariffs-8962326">&lsquo;The Trump Effect in action&rsquo;: Nvidia to manufacture AI chips in US as Trump plans to announce &lsquo;semiconductor tariffs&rsquo;</a>
However, the European Commission refused to comment on the issue. It said that the commission's diplomatic service had been routinely involved in such security updates.&nbsp;
This comes amid the EU and the US have been tied in a trade war since President Donald Trump returned to the Oval Office. Trump claimed that the EU was set up to "screw the US" and set 20 per cent reciprocal tariffs on its exports, however, he later announced a 90-day pause on the tariffs.
Also read: <a href="https://www.wionews.com/world/trump-administration-freezes-22bn-to-harvard-after-college-defies-demands-8962646">Trump administration freezes $2.2bn to Harvard after college defies demands</a>
(With inputs from agencies) &nbsp; &nbsp;

World: This reflects the heightened tensions, mistrust and strained relations, and a shift in how Brussels views Washington under the current US administration.

The European Commission has issued burner phones and stripped-down laptops to senior officials travelling to the US, over spying risk. This level of precaution was previously reserved for trips to China and Ukraine, according to the UK-based Financial Times. This reflects the heightened tensions, mistrust and strained relations, and a shift in how Brussels views Washington under the current US administration. Also read: ‘This is Biden’s war’: EU convenes emergency talks after Trump calls Russian strike on Ukraine a ‘mistake’ These spy-proof gears will be issued to commissioners and high-ranking officials who will be traveling to the US next week for the International Monetary Fund (IMF) and World Bank spring meetings. The EU delegation, who will be attending the next week's meetings, includes Valdis Dombrovskis (Economy), Maria Luís Albuquerque (Financial Services), and Jozef Síkela (Development Assistance). They are expected to represent the EU in high-level talks, even as security and trust concerns cast a long shadow over diplomatic exchanges. Also read: Trump waives off tariffs on THESE 'Chinese' products One of the officials said, "They are worried about the US getting into the commission systems." The US-bound staff should switch off their phones at the border and put them in special sleeves to protect them from surveillance if left unattended, according to people familiar with the situation. Such kinds of measures are traditionally reserved for countries like China and Ukraine, where standard IT kits can't be brought into the countries given the risk of espionage, according to officials. Also read: ‘The Trump Effect in action’: Nvidia to manufacture AI chips in US as Trump plans to announce ‘semiconductor tariffs’ However, the European Commission refused to comment on the issue. It said that the commission's diplomatic service had been routinely involved in such security updates. This comes amid the EU and the US have been tied in a trade war since President Donald Trump returned to the Oval Office. Trump claimed that the EU was set up to "screw the US" and set 20 per cent reciprocal tariffs on its exports, however, he later announced a 90-day pause on the tariffs. Also read: Trump administration freezes $2.2bn to Harvard after college defies demands (With inputs from agencies)

EU scared of US spying into commission systems? Issues burner phones to officials over security fears

Chinese cybersecurity officials on Tuesday accused the United States of launching cyberattacks and issued arrest warrants against three US individuals working in the US National Security Agency (NSA)&rsquo;s Office of Tailored Access Operations&mdash;an intelligence-gathering unit on cyber warfare.&nbsp; In a statement released on Chinese social media platform Weibo, the officials also offered a cash reward for people providing any information that could lead to the arrest of the three accused US nationals allegedly involved in a spate of cyberattacks.
Opening a new front against Washington even as the tariff battle between China and the United States is still far from abating, Chinese security officials claimed that three NSA agents attacked the information infrastructure during the 9th Asian Winter Games held in the northeastern city of Harbin in February.
These hackers also &ldquo;repeatedly carried out cyberattacks&rdquo; on the Chinese telecommunication company Huawei and other businesses, Chinese state news agency Xinhua said.
The three NSA &lsquo;agents&rsquo; have been added to a wanted list by police in the northeastern Chinese city of Harbin for allegedly taking part in cyberattacks during the Asian Winter Games held in the city in February. Chinese cybersecurity experts accused the individuals of using artificial intelligence (AI) to launch the attacks. Also read:&nbsp;<a href="https://www.wionews.com/world/trump-administration-freezes-22bn-to-harvard-after-college-defies-demands-8962646" rel="noopener" target="_blank">Trump administration freezes $2.2bn to Harvard after college defies demands</a>&nbsp; &ldquo;The Harbin Municipal Public Security Bureau has issued [arrest] warrants for three suspects linked to the US National Security Agency: Katheryn A. Wilson, Robert J. Snelling, and Stephen W. Johnson,&rdquo; the authorities said in a notice. &ldquo;Investigations revealed that these three agents repeatedly participated in cyberattacks on China&rsquo;s critical information infrastructure and in hacking activities against enterprises such as Huawei,&rdquo; the warrant stated.&nbsp; The police also accused the University of California and Virginia Tech of being involved in the cyberattacks, but did not share details of their involvement. The NSA also launched cyberattacks on &ldquo;key sectors such as energy, transport, water conservancy, communications and national defence research institutes&rdquo; in Heilongjiang province, where Harbin is located, the Xinhua report said. The aim was to &ldquo;damage critical information infrastructure, cause social disorder, and steal important confidential information&rdquo;, it added. Also read:&nbsp;<a href="https://www.wionews.com/world/hungary-passes-constitutional-amendment-to-limit-rights-of-dual-nationals-ban-lgbtq-events-8962699" rel="noopener" target="_blank">Hungary passes constitutional amendment to limit rights of dual nationals, ban LGBTQ events</a> Xinhua also reported that the NSA had activated covert back-door programmes on some devices in Heilongjiang that were running the Windows operating system. China&rsquo;s National Computer Virus Emergency Response Centre (CVERC) and the National Engineering Laboratory for Computer Virus Prevention and Control Technology released a report on April 3 stating that the Asian Winter Games&rsquo; event information system &ldquo;was hit by 270,167 cyberattacks from abroad&rdquo; between January 26 and February 14. Du Zhenhua, a CVERC engineer, told state broadcaster CCTV in an interview on April 3 that the attacks came mainly from the US, but also used IP addresses in the Netherlands as a &ldquo;springboard&rdquo; to launch the attacks. Zhou Hongyi, founder of Chinese cybersecurity firm 360 Security Technology, which was involved in the investigation, told CCTV that the NSA&rsquo;s attacks &ldquo;used AI to plan attack scenarios, explore vulnerabilities and monitor traffic, and some attack codes were obviously written by AI&rdquo;. Zhou added that Chinese cybersecurity experts had spent nearly a decade building a &ldquo;tactical knowledge base&rdquo; of US cyberattack methods. Also read:&nbsp;<a href="https://www.wionews.com/world/meta-chief-mark-zuckerberg-testifies-at-landmark-us-antitrust-trial-heres-what-happened-8962744" target="_blank" rel="noopener">Meta chief Mark Zuckerberg testifies at landmark US antitrust trial: Here's what happened</a> Experts advised Chinese institutions and individuals with access to classified information to &ldquo;avoid using non-domestic, especially American, information technology products&rdquo;. Meanwhile, in March, the US and UK had accused Beijing of a cyberespionage campaign targeting White House employees, US senators, British parliamentarians, academics, journalists, and government officials across the world who criticised Beijing.
&nbsp;
&nbsp;

World: “Investigations revealed that these three agents repeatedly participated in cyberattacks on China’s critical information infrastructure and in hacking activities against enterprises such as Huawei,” the warrant stated.

Chinese cybersecurity officials on Tuesday accused the United States of launching cyberattacks and issued arrest warrants against three US individuals working in the US National Security Agency (NSA)’s Office of Tailored Access Operations—an intelligence-gathering unit on cyber warfare. In a statement released on Chinese social media platform Weibo, the officials also offered a cash reward for people providing any information that could lead to the arrest of the three accused US nationals allegedly involved in a spate of cyberattacks. Opening a new front against Washington even as the tariff battle between China and the United States is still far from abating, Chinese security officials claimed that three NSA agents attacked the information infrastructure during the 9th Asian Winter Games held in the northeastern city of Harbin in February. These hackers also “repeatedly carried out cyberattacks” on the Chinese telecommunication company Huawei and other businesses, Chinese state news agency Xinhua said. The three NSA ‘agents’ have been added to a wanted list by police in the northeastern Chinese city of Harbin for allegedly taking part in cyberattacks during the Asian Winter Games held in the city in February. Chinese cybersecurity experts accused the individuals of using artificial intelligence (AI) to launch the attacks. Also read: Trump administration freezes $2.2bn to Harvard after college defies demands “The Harbin Municipal Public Security Bureau has issued [arrest] warrants for three suspects linked to the US National Security Agency: Katheryn A. Wilson, Robert J. Snelling, and Stephen W. Johnson,” the authorities said in a notice. “Investigations revealed that these three agents repeatedly participated in cyberattacks on China’s critical information infrastructure and in hacking activities against enterprises such as Huawei,” the warrant stated. The police also accused the University of California and Virginia Tech of being involved in the cyberattacks, but did not share details of their involvement. The NSA also launched cyberattacks on “key sectors such as energy, transport, water conservancy, communications and national defence research institutes” in Heilongjiang province, where Harbin is located, the Xinhua report said. The aim was to “damage critical information infrastructure, cause social disorder, and steal important confidential information”, it added. Also read: Hungary passes constitutional amendment to limit rights of dual nationals, ban LGBTQ events Xinhua also reported that the NSA had activated covert back-door programmes on some devices in Heilongjiang that were running the Windows operating system. China’s National Computer Virus Emergency Response Centre (CVERC) and the National Engineering Laboratory for Computer Virus Prevention and Control Technology released a report on April 3 stating that the Asian Winter Games’ event information system “was hit by 270,167 cyberattacks from abroad” between January 26 and February 14. Du Zhenhua, a CVERC engineer, told state broadcaster CCTV in an interview on April 3 that the attacks came mainly from the US, but also used IP addresses in the Netherlands as a “springboard” to launch the attacks. Zhou Hongyi, founder of Chinese cybersecurity firm 360 Security Technology, which was involved in the investigation, told CCTV that the NSA’s attacks “used AI to plan attack scenarios, explore vulnerabilities and monitor traffic, and some attack codes were obviously written by AI”. Zhou added that Chinese cybersecurity experts had spent nearly a decade building a “tactical knowledge base” of US cyberattack methods. Also read: Meta chief Mark Zuckerberg testifies at landmark US antitrust trial: Here's what happened Experts advised Chinese institutions and individuals with access to classified information to “avoid using non-domestic, especially American, information technology products”. Meanwhile, in March, the US and UK had accused Beijing of a cyberespionage campaign targeting White House employees, US senators, British parliamentarians, academics, journalists, and government officials across the world who criticised Beijing.

Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA ‘agents’

President Donald Trump said on Monday during a meeting with El Salvador President Nayib Bukele in the Oval Office on Monday that he is looking to help some of the car companies as they need a &lsquo;little bit of time&rsquo; to move their production to the US. &ldquo;I&rsquo;m looking for something to help some of the car companies, where they&rsquo;re switching to parts that were made in Canada, Mexico, and other places, and they need a little bit of time, because they&rsquo;re going to make them here,&rdquo; Trump said.&nbsp; &ldquo;But they need a little bit of time, so I&rsquo;m talking about things like that.&rdquo;
Shares of automakers jumped during midday trading Monday following Trump&rsquo;s statement on extending help to car companies.
<h2>&lsquo;Will deport as many as possible&rsquo;</h2>
Trump further said that he will deport as many &ldquo;dangerous&rdquo; undocumented immigrants as possible to El Salvador while urging President Nayib Bukele to build more mega-prisons.
Asked about how many people he plans to deport to El Salvador, he replied, &ldquo;As many as possible.&rdquo;&nbsp; He says the US has millions of people who should not be in the country, who he calls &ldquo;dangerous&rdquo;. &ldquo;I just asked the president&mdash;you know it&rsquo;s this massive complex that he built, jail complex. I said, &lsquo;Can you build some more of them please?&rsquo; As many as we can get out of our country that we allowed in here by incompetent Joe Biden, through open borders,&rdquo; Trump said during the meeting with Bukele in Oval Office.
Also Read | <a href="https://www.wionews.com/world/xi-urges-vietnam-to-join-hands-with-china-in-opposing-unilateral-bullying-8962234">Xi calls on Vietnam to join hands with China in &lsquo;opposing unilateral bullying&rsquo;</a>
He also said that the Maryland man who was wrongly deported to El Salvador won&rsquo;t be brought back to the US, despite a Supreme Court ruling that the Trump administration must &ldquo;facilitate&rdquo; his return.
Trump further said that he is open to deporting US citizens who are considered violent criminals. &ldquo;If it&rsquo;s a homegrown criminal, I have no problem,&rdquo; he said, adding that Attorney General Pam Bondi is studying the laws &ldquo;right now&rdquo; in this regard.
<h2>&lsquo;Tehran cannot have a nuclear weapon&rsquo;</h2>
Replying to a question about Iran, who the US has been having talks with recently over its nuclear programme, Trump said, &ldquo;Tehran cannot have a nuclear weapon.&rdquo; &ldquo;They gotta go fast. If we have to do something very harsh, we&rsquo;ll do it,&rdquo; he said, adding, &ldquo;A US response could include a strike on Iranian nuclear facilities.&rdquo; He also describes Iran as &ldquo;stone-cold broke&rdquo;.&nbsp;
Also Read | <a href="https://www.wionews.com/world/former-uk-minister-says-bangladesh-arrest-warrant-politically-motivated-smear-campaign-8962042" target="_blank" rel="noopener">Former UK minister says Bangladesh arrest warrant &lsquo;politically motivated smear campaign&rsquo;</a>
On Sunday, Trump said in a post on Truth Social that there were no exceptions made to his tariff announcements, adding that &lsquo;nobody&rsquo; will see an exemption in his widening trade war. The message came after some electronics were excluded from his administration&rsquo;s 145% import levies on goods from China.

World: Trump further said that he will deport as many “dangerous” undocumented immigrants as possible to El Salvador while urging President Nayib Bukele to build more mega-prisons.

President Donald Trump said on Monday during a meeting with El Salvador President Nayib Bukele in the Oval Office on Monday that he is looking to help some of the car companies as they need a ‘little bit of time’ to move their production to the US. “I’m looking for something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico, and other places, and they need a little bit of time, because they’re going to make them here,” Trump said. “But they need a little bit of time, so I’m talking about things like that.” Shares of automakers jumped during midday trading Monday following Trump’s statement on extending help to car companies. ‘Will deport as many as possible’ Trump further said that he will deport as many “dangerous” undocumented immigrants as possible to El Salvador while urging President Nayib Bukele to build more mega-prisons. Asked about how many people he plans to deport to El Salvador, he replied, “As many as possible.” He says the US has millions of people who should not be in the country, who he calls “dangerous”. “I just asked the president—you know it’s this massive complex that he built, jail complex. I said, ‘Can you build some more of them please?’ As many as we can get out of our country that we allowed in here by incompetent Joe Biden, through open borders,” Trump said during the meeting with Bukele in Oval Office. Also Read | Xi calls on Vietnam to join hands with China in ‘opposing unilateral bullying’ He also said that the Maryland man who was wrongly deported to El Salvador won’t be brought back to the US, despite a Supreme Court ruling that the Trump administration must “facilitate” his return. Trump further said that he is open to deporting US citizens who are considered violent criminals. “If it’s a homegrown criminal, I have no problem,” he said, adding that Attorney General Pam Bondi is studying the laws “right now” in this regard. ‘Tehran cannot have a nuclear weapon’ Replying to a question about Iran, who the US has been having talks with recently over its nuclear programme, Trump said, “Tehran cannot have a nuclear weapon.” “They gotta go fast. If we have to do something very harsh, we’ll do it,” he said, adding, “A US response could include a strike on Iranian nuclear facilities.” He also describes Iran as “stone-cold broke”. Also Read | Former UK minister says Bangladesh arrest warrant ‘politically motivated smear campaign’ On Sunday, Trump said in a post on Truth Social that there were no exceptions made to his tariff announcements, adding that ‘nobody’ will see an exemption in his widening trade war. The message came after some electronics were excluded from his administration’s 145% import levies on goods from China.

Trump says ‘car companies need time, looking to help some’; auto stocks rise

Nvidia, the semiconductor giant, announced on Monday (Apr 14) that it is planning to produce AI supercomputer chips entirely in the US for the first time. This comes after Commerce Secretary Howard Lutnick announced US President Donald Trump&rsquo;s plans to impose a new round of levies called &ldquo;semiconductor tariffs&rdquo;.
In a blog post on Monday, the semiconductor maker said that it had commissioned over one million square feet of manufacturing space to build and test its Blackwell chips in Phoenix, Arizona. It added that it is building supercomputer plants in Houston and Dallas.&nbsp;
Also read | <a href="https://www.wionews.com/world/trump-says-will-announce-semiconductor-tariffs-over-the-next-week-8959167">Trump to announce semiconductor tariffs 'over the next week'</a>
Nvidia said it would take at least a year to reach mass production scale at both plants. The company said that production for Blackwell chips has already started at Phoenix chip plants, which are run by Taiwan Semiconductor Manufacturing Company.
The statement comes as the company hinted at plans last month to invest hundreds of billions of dollars into AI infrastructure in the US over the next four years. This comes as part of a broader stateside development push among semiconductor giants like TSMC and Foxconn.
&ldquo;The engines of the world&rsquo;s AI infrastructure are being built in the United States for the first time,&rdquo; Nvidia CEO Jensen Huang said in a blog post. &ldquo;Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.&rdquo;
Also read |&nbsp;<a href="https://www.wionews.com/world/tariffs-paused-not-canceled-trumps-tech-exemption-is-temporary-semiconductor-tariffs-coming-in-a-month-or-two-8958637">Tariffs paused, not canceled: Trump&rsquo;s tech exemption is 'temporary'; new semiconductor tariffs coming 'in a month or two'</a>
<h2>&lsquo;The Trump Effect in action&rsquo;</h2>
The White House applauded the company&rsquo;s move on Monday (Apr 14), calling it &ldquo;the Trump Effect in action&rdquo;.
&ldquo;President Donald J. Trump has made US-based chips manufacturing a priority as part of his relentless pursuit of an American manufacturing renaissance, and it&rsquo;s paying off,&rdquo; the White House statement said.
Also read | <a href="https://www.wionews.com/world/xi-jinping-issues-warning-against-trump-tariffs-as-china-eyes-to-cast-itself-as-leader-in-southeast-asia-8961642">'No winners in trade war': Xi issues warning against Trump tariffs as China eyes to cast itself as leader in Southeast Asia</a>
Although Trump suggested new tariffs on imported chips soon, he has also called to repeal the bipartisan CHIPS Act. The 2022 law signed by then-President Joe Biden authorized $280 billion in new funding for the domestic semiconductor industry. Though Congressional Republicans haven&rsquo;t suggested they wish to scrap the measure.
Reportedly, Huang attended dinner, costing $1 million per person, at Trump&rsquo;s Mar-a-Lago resort in Florida earlier this month. The semiconductor giant has promised the Trump administration a fresh commitment of U.S. investment, NPR reported, and the White House reversed course on a plan to bar U.S. chipmakers from selling Nvidia&rsquo;s popular H20 AI chips to China.
(With inputs from agencies)

World | In a blog post on Monday, the semiconductor maker said that it had commissioned over one million square feet of manufacturing space to build and test its Blackwell chips in Phoenix, Arizona. World

Nvidia, the semiconductor giant, announced on Monday (Apr 14) that it is planning to produce AI supercomputer chips entirely in the US for the first time. This comes after Commerce Secretary Howard Lutnick announced US President Donald Trump’s plans to impose a new round of levies called “semiconductor tariffs”. In a blog post on Monday, the semiconductor maker said that it had commissioned over one million square feet of manufacturing space to build and test its Blackwell chips in Phoenix, Arizona. It added that it is building supercomputer plants in Houston and Dallas. Also read | Trump to announce semiconductor tariffs 'over the next week' Nvidia said it would take at least a year to reach mass production scale at both plants. The company said that production for Blackwell chips has already started at Phoenix chip plants, which are run by Taiwan Semiconductor Manufacturing Company. The statement comes as the company hinted at plans last month to invest hundreds of billions of dollars into AI infrastructure in the US over the next four years. This comes as part of a broader stateside development push among semiconductor giants like TSMC and Foxconn. “The engines of the world’s AI infrastructure are being built in the United States for the first time,” Nvidia CEO Jensen Huang said in a blog post. “Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.” Also read | Tariffs paused, not canceled: Trump’s tech exemption is 'temporary'; new semiconductor tariffs coming 'in a month or two' ‘The Trump Effect in action’ The White House applauded the company’s move on Monday (Apr 14), calling it “the Trump Effect in action”. “President Donald J. Trump has made US-based chips manufacturing a priority as part of his relentless pursuit of an American manufacturing renaissance, and it’s paying off,” the White House statement said. Also read | 'No winners in trade war': Xi issues warning against Trump tariffs as China eyes to cast itself as leader in Southeast Asia Although Trump suggested new tariffs on imported chips soon, he has also called to repeal the bipartisan CHIPS Act. The 2022 law signed by then-President Joe Biden authorized $280 billion in new funding for the domestic semiconductor industry. Though Congressional Republicans haven’t suggested they wish to scrap the measure. Reportedly, Huang attended dinner, costing $1 million per person, at Trump’s Mar-a-Lago resort in Florida earlier this month. The semiconductor giant has promised the Trump administration a fresh commitment of U.S. investment, NPR reported, and the White House reversed course on a plan to bar U.S. chipmakers from selling Nvidia’s popular H20 AI chips to China. (With inputs from agencies)

‘The Trump Effect in action’: Nvidia to manufacture AI chips in US as Trump plans to announce ‘semiconductor tariffs’

US President Donald Trump has said he would announce new tariffs on semiconductors “over the next week" in continuation of his push to impose punishing levies to address US trade issues.

Trump Semiconductor Tariffs: Trump to Announce Tariffs on Imported Chips

Trump's approval rating is a key indicator of his political strength as he navigates his second presidential term and prepares for future policy battles. Watch to know more!

Trump's approval rating falls to 59% after tariff war announcement

Chinese President Xi Jinping has warned that trade wars benefit no one in a thinly veiled message aimed at Donald Trump&rsquo;s continued tariffs on Chinese goods. Xi&rsquo;s comments were made as he set off on a diplomatic tour of Southeast Asia, which includes stops in Vietnam, Malaysia, and Cambodia.
The warning appeared in a joint editorial published in Chinese and Vietnamese media just before he arrived in Hanoi. Experts believe the trip is part of a wider attempt by China to present itself as a responsible global power, in contrast to Trump&rsquo;s more aggressive approach.
Also read: <a href="https://www.wionews.com/world/china-demands-us-completely-cancel-trumps-reciprocal-tariffs-after-electronics-exemption-8957954" rel="dofollow noopener" target="_blank">'Correct your mistakes': China demands US &lsquo;completely cancel&rsquo; Trump&rsquo;s reciprocal tariffs after electronics exemption</a>
&ldquo;Trade war and tariff war will produce no winner, and protectionism will lead nowhere,&rdquo; Xi wrote, without directly naming the United States or President Trump. &ldquo;Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment.&rdquo;
<h2>Tariffs remain despite pause</h2>
Although Trump briefly paused most of the tariffs last week after a sharp drop in the stock market, the bulk of the import taxes on Chinese goods remain in place. China faces tariffs as high as 145 percent on several exports to the US. In response, Beijing imposed 125 percent tariffs on American products and has promised to keep retaliating.
Also read: <a href="https://www.wionews.com/world/apple-ceo-tim-cooks-old-video-resurfaces-explaining-why-companies-manufacture-in-china-amid-trade-war-8960942" rel="dofollow noopener" target="_blank">Apple CEO Tim Cook&rsquo;s old video resurfaces explaining why companies manufacture in China amid trade war</a>
<h2>Focus on regional partnerships</h2>
While the Vietnam trip was arranged before Trump&rsquo;s new round of &ldquo;Liberation Day&rdquo; tariffs came into force, it has taken on new importance. Southeast Asian countries are now trying to manage the risks of being caught in the middle of the US-China trade dispute.
Vietnam, although governed by a one-party communist system like China, has managed to strike a balance by keeping strong ties with both Washington and Beijing. The country hosted Xi and then-President Joe Biden in 2023 and has benefited from companies relocating parts of their supply chains from China to Hanoi.
Watch: <a href="https://www.wionews.com/videos/xi-woos-chinas-neighbours-as-trade-tensions-with-the-us-flare-8961169">Xi woos China's neighbours as trade tensions with the US flare</a>
Meanwhile, Trump&rsquo;s administration continues to warn countries like Vietnam, Cambodia, and Mexico against helping China dodge US tariffs. Writing in the Financial Times, Trump adviser Peter Navarro said, &ldquo;We will want to hear from countries including Cambodia, Mexico and Vietnam that you will stop allowing China to evade US tariffs by trans-shipping exports through your countries.&rdquo;
Xi arrived in Vietnam on Monday and is set to travel to Malaysia and Cambodia later this week.

World: “Trade war and tariff war will produce no winner, and protectionism will lead nowhere,” Xi wrote, without directly naming the United States or President Trump.

Chinese President Xi Jinping has warned that trade wars benefit no one in a thinly veiled message aimed at Donald Trump’s continued tariffs on Chinese goods. Xi’s comments were made as he set off on a diplomatic tour of Southeast Asia, which includes stops in Vietnam, Malaysia, and Cambodia. The warning appeared in a joint editorial published in Chinese and Vietnamese media just before he arrived in Hanoi. Experts believe the trip is part of a wider attempt by China to present itself as a responsible global power, in contrast to Trump’s more aggressive approach. Also read: 'Correct your mistakes': China demands US ‘completely cancel’ Trump’s reciprocal tariffs after electronics exemption “Trade war and tariff war will produce no winner, and protectionism will lead nowhere,” Xi wrote, without directly naming the United States or President Trump. “Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment.” Tariffs remain despite pause Although Trump briefly paused most of the tariffs last week after a sharp drop in the stock market, the bulk of the import taxes on Chinese goods remain in place. China faces tariffs as high as 145 percent on several exports to the US. In response, Beijing imposed 125 percent tariffs on American products and has promised to keep retaliating. Also read: Apple CEO Tim Cook’s old video resurfaces explaining why companies manufacture in China amid trade war Focus on regional partnerships While the Vietnam trip was arranged before Trump’s new round of “Liberation Day” tariffs came into force, it has taken on new importance. Southeast Asian countries are now trying to manage the risks of being caught in the middle of the US-China trade dispute. Vietnam, although governed by a one-party communist system like China, has managed to strike a balance by keeping strong ties with both Washington and Beijing. The country hosted Xi and then-President Joe Biden in 2023 and has benefited from companies relocating parts of their supply chains from China to Hanoi. Watch: Xi woos China's neighbours as trade tensions with the US flare Meanwhile, Trump’s administration continues to warn countries like Vietnam, Cambodia, and Mexico against helping China dodge US tariffs. Writing in the Financial Times, Trump adviser Peter Navarro said, “We will want to hear from countries including Cambodia, Mexico and Vietnam that you will stop allowing China to evade US tariffs by trans-shipping exports through your countries.” Xi arrived in Vietnam on Monday and is set to travel to Malaysia and Cambodia later this week.

'No winners in trade war': Xi issues warning against Trump tariffs as China eyes to cast itself as leader in Southeast Asia

US Commerce Secretary Howard Lutnick added to the uncertainty over President Donald Trump&rsquo;s tariff plans on Sunday, making it clear that the recent break for tech companies is only temporary.
Speaking on ABC&rsquo;s This Week, Lutnick said that electronics like smartphones and laptops, recently exempted from the administration&rsquo;s reciprocal tariffs on Chinese imports, will soon fall under a new round of levies, this time called "semiconductor tariffs."
Also read: <a href="https://www.wionews.com/world/china-demands-us-completely-cancel-trumps-reciprocal-tariffs-after-electronics-exemption-8957954" rel="dofollow noopener" target="_blank">'Correct your mistakes': China demands US &lsquo;completely cancel&rsquo; Trump&rsquo;s reciprocal tariffs after electronics exemption</a>
&ldquo;All those products are going to come under semiconductors,&rdquo; Lutnick said, adding they will face &ldquo;a special focus type of tariff&rdquo; aimed at reshoring production. &ldquo;We need to have semiconductors, we need to have chips, and we need to have flat panels&hellip; We can&rsquo;t be reliant on Southeast Asia for all of the things that operate for us,&rdquo; he added.
According to Lutnick, these new tariffs could be implemented &ldquo;probably a month or two&rdquo; from now. While tech companies were given a short-term break, the Commerce Secretary stressed that it&rsquo;s not a permanent deal.
On Friday night, US Customs and Border Protection issued a notice that several high-demand electronics, smartphones, computers, solar cells, flat-panel displays and semiconductor-based storage devices would not be subject to either the steep reciprocal tariffs on Chinese goods or the 10% baseline tariffs applied more broadly.
But on Sunday, Lutnick made clear that this was only a pause. He said the White House wants to use tariffs as a way to drive the semiconductor and pharmaceutical industries back to the US.
Also read: <a href="https://www.wionews.com/world/capitol-riot-trumps-jan-6-patriots-may-get-refund-for-damage-they-caused-8958446" rel="dofollow noopener" target="_blank">Capitol riot with money-back guarantee? Trump&rsquo;s Jan. 6 &lsquo;patriots&rsquo; may get refund for damage they caused</a>
&ldquo;We can&rsquo;t be beholden and rely upon foreign countries for fundamental things that we need,&rdquo; he said. &ldquo;So this is not like a permanent sort of exemption&hellip; These are things that are national security that we need to be made in America.&rdquo;
<h2>Lutnick declined to defend VP Vance&rsquo;s &ldquo;peasants&rdquo; remark</h2>
The interview also touched on recent controversial comments from Vice President JD Vance, who last week referred to Chinese workers as &ldquo;peasants&rdquo; during a Fox &amp; Friends appearance.
&ldquo;We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,&rdquo; Vance said. His comment drew criticism from Chinese officials, who labelled the statement &ldquo;ignorant and impolite.&rdquo;
Also read: <a href="https://www.wionews.com/world/us-teen-kills-parents-to-fund-trump-assassination-plot-and-bring-in-some-chaos-8957670" rel="dofollow noopener" target="_blank">'Getting rid of the president': US teen kills parents to fund Trump assassination plot and &lsquo;bring in some chaos&rsquo;</a>
When asked about the remark, Lutnick declined to defend or clarify Vance&rsquo;s words.
&ldquo;No, I&rsquo;m just going to step back and really just leave the vice president to let him defend himself,&rdquo; he told host Jonathan Karl. &ldquo;He knows what he meant," he added.
(With inputs from agencies)

World: US Commerce Secretary Howard Lutnick said the White House wants to use tariffs as a way to drive the semiconductor and pharmaceutical industries back to the US.

US Commerce Secretary Howard Lutnick added to the uncertainty over President Donald Trump’s tariff plans on Sunday, making it clear that the recent break for tech companies is only temporary. Speaking on ABC’s This Week, Lutnick said that electronics like smartphones and laptops, recently exempted from the administration’s reciprocal tariffs on Chinese imports, will soon fall under a new round of levies, this time called "semiconductor tariffs." Also read: 'Correct your mistakes': China demands US ‘completely cancel’ Trump’s reciprocal tariffs after electronics exemption “All those products are going to come under semiconductors,” Lutnick said, adding they will face “a special focus type of tariff” aimed at reshoring production. “We need to have semiconductors, we need to have chips, and we need to have flat panels… We can’t be reliant on Southeast Asia for all of the things that operate for us,” he added. According to Lutnick, these new tariffs could be implemented “probably a month or two” from now. While tech companies were given a short-term break, the Commerce Secretary stressed that it’s not a permanent deal. On Friday night, US Customs and Border Protection issued a notice that several high-demand electronics, smartphones, computers, solar cells, flat-panel displays and semiconductor-based storage devices would not be subject to either the steep reciprocal tariffs on Chinese goods or the 10% baseline tariffs applied more broadly. But on Sunday, Lutnick made clear that this was only a pause. He said the White House wants to use tariffs as a way to drive the semiconductor and pharmaceutical industries back to the US. Also read: Capitol riot with money-back guarantee? Trump’s Jan. 6 ‘patriots’ may get refund for damage they caused “We can’t be beholden and rely upon foreign countries for fundamental things that we need,” he said. “So this is not like a permanent sort of exemption… These are things that are national security that we need to be made in America.” Lutnick declined to defend VP Vance’s “peasants” remark The interview also touched on recent controversial comments from Vice President JD Vance, who last week referred to Chinese workers as “peasants” during a Fox & Friends appearance. “We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,” Vance said. His comment drew criticism from Chinese officials, who labelled the statement “ignorant and impolite.” Also read: 'Getting rid of the president': US teen kills parents to fund Trump assassination plot and ‘bring in some chaos’ When asked about the remark, Lutnick declined to defend or clarify Vance’s words. “No, I’m just going to step back and really just leave the vice president to let him defend himself,” he told host Jonathan Karl. “He knows what he meant," he added. (With inputs from agencies)

Tariffs paused, not canceled: Trump’s tech exemption is 'temporary'; new semiconductor tariffs coming 'in a month or two'

China has called on the United States to fully revoke reciprocal tariffs, calling recent exemptions for electronics like smartphones and computers a “small step.” Beijing says the limited tariff relief does little to fix what it sees as years of unfair trade practices.

China urges US to fully revoke tariffs as electronics gain temporary exemption

The United States has announced reciprocal tariff exemptions on key tech products, including smartphones, computers, and semiconductor chips. The move spares popular consumer electronics and machines used in chip manufacturing from harsh duties amid ongoing trade tensions with China.

Smartphone, computers, chips spared from reciprocal tariffs

China's Commerce Minister Wang Wentao told the head of the World Trade Organization that U.S. tariffs will "inflict serious harm" on poor nations, according to a ministry statement released Saturday.
"These US 'reciprocal tariffs' will inflict serious harm on developing countries, especially the least developed countries, and could even trigger a humanitarian crisis," Mr. Wang told WTO chief Ngozi Okonjo-Iweala in a call on Friday, the statement said.
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"The United States has continuously introduced tariff measures, bringing enormous uncertainty and instability to the world, causing chaos both internationally and domestically within the U.S.," Mr. Wang added.
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Beijing said Friday that its 125% tariffs on U.S. goods would take effect on Saturday &mdash; almost matching the staggering 145 percent levies imposed by Washington on Chinese goods entering the United States.
Read More |<a href="https://www.wionews.com/world/china-shares-old-video-of-mao-zedong-amid-tariff-war-with-us-says-chinese-not-afraid-of-provocations-8947020">China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations"</a>
But China indicated that it would ignore any further levies by U.S. President Donald Trump because, Beijing said, it no longer makes economic sense for importers to buy from America.
China also said it would file a lawsuit with the WTO over the latest round of levies.
Read More | <a href="https://www.wionews.com/world/trump-reveals-why-he-put-a-90-day-pause-on-tariffs-people-were-getting-yippie-markets-rebound-8945632" rel="dofollow noopener" target="_blank">Trump REVEALS why he put a 90-day pause on tariffs: 'People were getting yippie'</a>
After a week of market mayhem as the world's two largest economies took turns to put up trade barriers, Beijing dismissed Mr. Trump's mounting brinkmanship as a "joke" and a "numbers game".
Beijing's retaliation sparked fresh market volatility, with stocks seesawing, gold prices surging and US government bonds under pressure.
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China's Commerce Minister Wang Wentao told the head of the World Trade Organization that U.S. tariffs will "inflict serious harm" on poor nations, according to a ministry statement released Saturday.

China's Commerce Minister Wang Wentao told the head of the World Trade Organization that U.S. tariffs will "inflict serious harm" on poor nations, according to a ministry statement released Saturday. "These US 'reciprocal tariffs' will inflict serious harm on developing countries, especially the least developed countries, and could even trigger a humanitarian crisis," Mr. Wang told WTO chief Ngozi Okonjo-Iweala in a call on Friday, the statement said. Read More | Amid tariff war, post on zodiac of Donald Trump-Xi Jinping viral: '...until the end of time' "The United States has continuously introduced tariff measures, bringing enormous uncertainty and instability to the world, causing chaos both internationally and domestically within the U.S.," Mr. Wang added. Beijing said Friday that its 125% tariffs on U.S. goods would take effect on Saturday — almost matching the staggering 145 percent levies imposed by Washington on Chinese goods entering the United States. Read More |China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations" But China indicated that it would ignore any further levies by U.S. President Donald Trump because, Beijing said, it no longer makes economic sense for importers to buy from America. China also said it would file a lawsuit with the WTO over the latest round of levies. Read More | Trump REVEALS why he put a 90-day pause on tariffs: 'People were getting yippie' After a week of market mayhem as the world's two largest economies took turns to put up trade barriers, Beijing dismissed Mr. Trump's mounting brinkmanship as a "joke" and a "numbers game". Beijing's retaliation sparked fresh market volatility, with stocks seesawing, gold prices surging and US government bonds under pressure. Watch | Pentagon flags "China threat" at Panama Canal, Beijing fires back Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

China to WTO head: 'US tariffs will inflict serious harm on developing countries'

US exempts smartphones, chips, laptops from reciprocal tariffs

US President Donald Trump's administration on Saturday (April 12) has exempted electronic products from massive "reciprocal tariffs", according to new guidance from US Customs and Border Protection.&nbsp;
Now, there will be no tariffs on smartphones, computers, chips and other electronics.&nbsp;
The new tariff guidance excludes electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.
Also read: <a href="https://www.wionews.com/world/open-to-a-deal-trump-optimistic-about-striking-a-deal-with-china-amid-tariff-row-8952798">'Open to a deal': Trump 'optimistic' about striking a deal with China amid tariff row</a>
However, according to a Bloomberg report, the relief from this exemption may be short-lived. The exclusions are tied to the initial tariff order, which avoids stacking multiple levies on top of existing country-wide rates.
The observers suggested these goods may soon face lower, sector-specific tariffs instead, particularly for China.&nbsp;
The White House has not yet commented on the latest guidance.
Also read: <a href="https://www.wionews.com/world/can-americans-remove-donald-trump-from-office-if-he-keeps-getting-wilder-8953695">Can Americans remove Donald Trump from office if he keeps getting wilder?</a>
Moreover, these exemptions also offer huge relief for US companies including Apple that assemble and import devices in China.&nbsp;
The iPhone maker's shares have been crushed since Trump hiked tariffs on China.&nbsp;
Moreover, according to Wall Street analysts, the cost of making many devices in the US would add thousands of dollars to their price tags and will take years to set up production.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/what-trumps-tariffs-mean-for-india-8953863">What Trump&rsquo;s Tariffs Mean For India?</a>
Recently, since Trump's tariff war began, consumers have been rushing to buy electronics, while, businesses that rely on overseas production have been canceling orders from suppliers.
Earlier this week, while getting harsh on China, Trump did not forget to grant mercy to the other nations who have sought negotiations with the US after the US president imposed reciprocal tariffs on April 2.&nbsp;
Trump said that he would put a "90-day PAUSE" and a "substantially lowered reciprocal tariff" on more than 75 countries who have called the US representatives for negotiations.&nbsp;
Also read: <a href="https://www.wionews.com/world/donald-trumps-tariff-us-republican-president-william-mckinley-8951663">Donald Trump's tariff crusade isn't new: Meet his idol who did it first and regretted it</a>
(With inputs from agencies)

These new exemptions from US Customs and Border Protection also offer huge relief for US companies including Apple that assemble and import devices in China. World

US President Donald Trump's administration on Saturday (April 12) has exempted electronic products from massive "reciprocal tariffs", according to new guidance from US Customs and Border Protection. Now, there will be no tariffs on smartphones, computers, chips and other electronics. The new tariff guidance excludes electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data. Also read: 'Open to a deal': Trump 'optimistic' about striking a deal with China amid tariff row However, according to a Bloomberg report, the relief from this exemption may be short-lived. The exclusions are tied to the initial tariff order, which avoids stacking multiple levies on top of existing country-wide rates. The observers suggested these goods may soon face lower, sector-specific tariffs instead, particularly for China. The White House has not yet commented on the latest guidance. Also read: Can Americans remove Donald Trump from office if he keeps getting wilder? Moreover, these exemptions also offer huge relief for US companies including Apple that assemble and import devices in China. The iPhone maker's shares have been crushed since Trump hiked tariffs on China. Moreover, according to Wall Street analysts, the cost of making many devices in the US would add thousands of dollars to their price tags and will take years to set up production. WATCH | What Trump’s Tariffs Mean For India? Recently, since Trump's tariff war began, consumers have been rushing to buy electronics, while, businesses that rely on overseas production have been canceling orders from suppliers. Earlier this week, while getting harsh on China, Trump did not forget to grant mercy to the other nations who have sought negotiations with the US after the US president imposed reciprocal tariffs on April 2. Trump said that he would put a "90-day PAUSE" and a "substantially lowered reciprocal tariff" on more than 75 countries who have called the US representatives for negotiations. Also read: Donald Trump's tariff crusade isn't new: Meet his idol who did it first and regretted it (With inputs from agencies)

ZERO tariff on electronics? Trump exempts phones, computers and chips from reciprocal tariffs

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