China has firmly denied claims that President Xi Jinping recently spoke to US President <a href="https://www.wionews.com/donald-trump" rel="dofollow noopener" target="_blank">Donald Trump</a> over the phone, saying there are no discussions underway to resolve the ongoing tariff dispute between the two countries.
Speaking at a press briefing on Monday (April 28), Chinese Ministry of Foreign Affairs spokesperson Guo Jiakun said, "As far as I know, there has been no recent phone call between the two heads of state." Guo also added, "I want to reiterate that China and the United States are not engaged in consultations or negotiations on the tariff issue."
Also read: <a href="https://www.wionews.com/india-news/china-backs-pakistans-call-for-impartial-pahalgam-terror-attack-probe-urges-india-to-show-restraint-is-china-taking-sides-9008342" rel="dofollow noopener" target="_blank">China backs Pakistan's call for 'impartial' Pahalgam terror attack probe, urges India to show 'restraint': Is China taking sides?</a>
<h2>China urges the US to stop pressure tactics</h2>
Guo made it clear that Beijing expects a different approach from Washington if it genuinely wants talks to happen. "If the US really wants to solve the problem through dialogue and negotiation, it should stop threatening and blackmailing (China)," he added.
<h2>Trump claims Xi called him to discuss tariffs</h2>
The strong denial comes after Trump, in an interview with Time magazine published last week, claimed that Xi had called him as part of ongoing efforts to strike a deal. "He's called. And I don't think that's a sign of weakness on his behalf," Trump said during the interview.
Trump, who has often described Xi as a &ldquo;friend,&rdquo; did not provide any details about the timing or the content of the alleged call.
Also read: <a href="https://www.wionews.com/world/donald-trumps-tone-deaf-disrespectful-behaviour-at-popes-funeral-ignites-online-hate-moron-embarrassed-us-on-world-stage-9006273" rel="dofollow noopener" target="_blank">'Tone-deaf' Trump's disrespectful behaviour at Pope's funeral ignites online hate: 'Moron embarrassed us on world stage'</a>
<h2>Trade tensions remain high despite softer US tone</h2>
Despite Trump's more conciliatory comments recently, including promises that tariffs on Chinese goods would "come down substantially" and that he would be "very nice" at the negotiating table, China has maintained a firm position in public, pushing back against Washington&rsquo;s narrative.
Beijing has repeatedly accused the United States of "misleading the public" by suggesting that talks were underway.
Since Trump took office in January, the two countries have imposed heavy tariffs on each other's goods, with rates climbing to over 100%, causing significant disruption to global markets and businesses on both sides.
Also read: <a href="https://www.wionews.com/world/ukraine-russia-war-putin-zelensky-three-day-ceasefire-trump-effect-9011105" rel="dofollow noopener" target="_blank">'Ukraine should follow this example': Russia's Putin announces surprise three-day ceasefire: Did Trump effect finally work?</a>

World: "If the US really wants to solve the problem through dialogue and negotiation, it should stop threatening and blackmailing (China)," Chinese Ministry of Foreign Affairs spokesperson said.

China has firmly denied claims that President Xi Jinping recently spoke to US President Donald Trump over the phone, saying there are no discussions underway to resolve the ongoing tariff dispute between the two countries. Speaking at a press briefing on Monday (April 28), Chinese Ministry of Foreign Affairs spokesperson Guo Jiakun said, "As far as I know, there has been no recent phone call between the two heads of state." Guo also added, "I want to reiterate that China and the United States are not engaged in consultations or negotiations on the tariff issue." Also read: China backs Pakistan's call for 'impartial' Pahalgam terror attack probe, urges India to show 'restraint': Is China taking sides? China urges the US to stop pressure tactics Guo made it clear that Beijing expects a different approach from Washington if it genuinely wants talks to happen. "If the US really wants to solve the problem through dialogue and negotiation, it should stop threatening and blackmailing (China)," he added. Trump claims Xi called him to discuss tariffs The strong denial comes after Trump, in an interview with Time magazine published last week, claimed that Xi had called him as part of ongoing efforts to strike a deal. "He's called. And I don't think that's a sign of weakness on his behalf," Trump said during the interview. Trump, who has often described Xi as a “friend,” did not provide any details about the timing or the content of the alleged call. Also read: 'Tone-deaf' Trump's disrespectful behaviour at Pope's funeral ignites online hate: 'Moron embarrassed us on world stage' Trade tensions remain high despite softer US tone Despite Trump's more conciliatory comments recently, including promises that tariffs on Chinese goods would "come down substantially" and that he would be "very nice" at the negotiating table, China has maintained a firm position in public, pushing back against Washington’s narrative. Beijing has repeatedly accused the United States of "misleading the public" by suggesting that talks were underway. Since Trump took office in January, the two countries have imposed heavy tariffs on each other's goods, with rates climbing to over 100%, causing significant disruption to global markets and businesses on both sides. Also read: 'Ukraine should follow this example': Russia's Putin announces surprise three-day ceasefire: Did Trump effect finally work?

'First stop threatening, blackmailing China': Beijing calls out Trump over 'fake' Xi call. Was US prez bluffing to end trade war?

Amid tariff wars, the US trade deficit soared to a record 140.5 billion dollars in march, its highest monthly gap on record. The deficit was fuelled by a historic spike in imports ahead of sweeping tariffs announced by Donald Trump. &nbsp;<o:p></o:p>
According to the commerce department data, imports rose 4.4 per cent to an all-time high, while exports remained nearly flat. The biggest driver: A jump in consumer goods, led by pharmaceutical imports, most of which came from Ireland. &nbsp;<o:p></o:p>
The surge reflects businesses rushing to stockpile goods before tariffs kicked in on April 2, dubbed &ldquo;liberation day&rdquo; by the white house.<o:p></o:p>
<h2 class="MsoNormal">Economic impact &amp; tariff fallout<o:p></o:p></h2>
The trade imbalance had real consequences. The US economy contracted 0.3 per cent in the first quarter, marking the first decline in three years. Imports grew at their fastest pace since 2020&mdash;up 41 per cent over the quarter&mdash;cutting 5 percentage points from GDP growth. &nbsp;<o:p></o:p>
Imports of capital goods rose $3.7 billion, driven by demand for computer accessories. Auto imports climbed $2.6 billion, while industrial supply imports fell $10.7 billion, due to lower shipments of gold and silver. &nbsp;<o:p></o:p>
Economists warn that the front-loading of imports may reverse in the coming months, potentially shifting pressure back onto domestic production and prices.<o:p></o:p>
Meanwhile, the US dollar has weakened against key global currencies since the start of 2025. From December through march, 92.5 billion dollars in US savings moved into offshore gold and silver, signalling growing concern over economic policy. &nbsp;<o:p></o:p>
Imports from China fell to their lowest level in five years, impacted by a 145 per cent tariff that took effect in April. With no new trade deals announced and reciprocal tariffs from key partners on hold for just 90 days, economists warn that the worst effects of the trade war may still be ahead.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: The US trade deficit soared to a record 140.5 billion dollars in march, its highest monthly gap on record. The deficit was fuelled by a historic spike in imports ahead of sweeping tariffs announced by Donald Trump.

Amid tariff wars, the US trade deficit soared to a record 140.5 billion dollars in march, its highest monthly gap on record. The deficit was fuelled by a historic spike in imports ahead of sweeping tariffs announced by Donald Trump. According to the commerce department data, imports rose 4.4 per cent to an all-time high, while exports remained nearly flat. The biggest driver: A jump in consumer goods, led by pharmaceutical imports, most of which came from Ireland. The surge reflects businesses rushing to stockpile goods before tariffs kicked in on April 2, dubbed “liberation day” by the white house. Economic impact & tariff fallout The trade imbalance had real consequences. The US economy contracted 0.3 per cent in the first quarter, marking the first decline in three years. Imports grew at their fastest pace since 2020—up 41 per cent over the quarter—cutting 5 percentage points from GDP growth. Imports of capital goods rose $3.7 billion, driven by demand for computer accessories. Auto imports climbed $2.6 billion, while industrial supply imports fell $10.7 billion, due to lower shipments of gold and silver. Economists warn that the front-loading of imports may reverse in the coming months, potentially shifting pressure back onto domestic production and prices. Meanwhile, the US dollar has weakened against key global currencies since the start of 2025. From December through march, 92.5 billion dollars in US savings moved into offshore gold and silver, signalling growing concern over economic policy. Imports from China fell to their lowest level in five years, impacted by a 145 per cent tariff that took effect in April. With no new trade deals announced and reciprocal tariffs from key partners on hold for just 90 days, economists warn that the worst effects of the trade war may still be ahead. (With inputs from the agencies)

US trade deficit soars to $140.5 billion in march, hits a record high

US President Donald Trump on Tuesday (May 6) claimed that India has agreed to bring down <a href="https://www.wionews.com/tags/tariffs">tariffs</a>&nbsp;"to nothing", further crediting himself as the reason behind it.
&ldquo;They&rsquo;ve already agreed. They would have never done that for anybody else but me,&rdquo; Trump said in the Oval Office.&nbsp;
The US president noted that India has one of the highest tariffs in the world, and has now agreed to drop it.&nbsp;
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>
"India, as an example, has one of the highest tariffs in the world&hellip; and they've agreed already to drop it. They'll drop it to nothing​​​. They've already agreed. They would have never done that for anybody else but me,&rdquo; Trump told reporters on Tuesday.&nbsp;
However, there is no official comments from India on this matter.&nbsp;&nbsp;
Last month, US Treasury Secretary Scott Bessent said that the Trump administration is "very close" to finalise a trade agreement with India, adding that it easy to do with India.&nbsp;
Also read: <a href="https://www.wionews.com/world/white-house-walks-back-trumps-100-foreign-film-tariff-threat-did-the-us-president-speak-too-soon-9038376">'No final decisions': White House walks back Trump&rsquo;s 100% foreign film tariff threat - Did the US President speak too soon?</a>
He noted that it is easy to negotiate because of the high tariffs, adding that the talks with the country are "moving well".&nbsp;
"America's Asian trading partners and allies have been the most forthcoming in terms of doing the deals. As I mentioned, Vice President Vance was in India last week. I think that he and (Prime Minister Narendra) Modi made some very good progress. So I could see some announcements on India," Bessent told reporters at the White House.
Bessent said, "I think that we are very close in India and in India...India, in a funny way, is easier to negotiate than the many other countries because they have very high tariffs and lots of tariffs."&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;
Also read: <a href="https://www.wionews.com/world/wonderful-marriage-between-us-and-canada-pm-carney-says-canada-will-never-be-for-sale-trump-replies-never-say-never-9042011">'Wonderful marriage between US and Canada': PM Carney says 'Canada will never be for sale', Trump replies, 'never say never'</a>
&nbsp;

"India, as an example, has one of the highest tariffs in the world… and they've agreed already to drop it. They'll drop it to nothing​​​," Trump said. WORLD INDIA NEWS

US President Donald Trump on Tuesday (May 6) claimed that India has agreed to bring down tariffs "to nothing", further crediting himself as the reason behind it. “They’ve already agreed. They would have never done that for anybody else but me,” Trump said in the Oval Office. The US president noted that India has one of the highest tariffs in the world, and has now agreed to drop it. Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war "India, as an example, has one of the highest tariffs in the world… and they've agreed already to drop it. They'll drop it to nothing. They've already agreed. They would have never done that for anybody else but me,” Trump told reporters on Tuesday. However, there is no official comments from India on this matter. Last month, US Treasury Secretary Scott Bessent said that the Trump administration is "very close" to finalise a trade agreement with India, adding that it easy to do with India. Also read: 'No final decisions': White House walks back Trump’s 100% foreign film tariff threat - Did the US President speak too soon? He noted that it is easy to negotiate because of the high tariffs, adding that the talks with the country are "moving well". "America's Asian trading partners and allies have been the most forthcoming in terms of doing the deals. As I mentioned, Vice President Vance was in India last week. I think that he and (Prime Minister Narendra) Modi made some very good progress. So I could see some announcements on India," Bessent told reporters at the White House. Bessent said, "I think that we are very close in India and in India...India, in a funny way, is easier to negotiate than the many other countries because they have very high tariffs and lots of tariffs." 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. Also read: 'Wonderful marriage between US and Canada': PM Carney says 'Canada will never be for sale', Trump replies, 'never say never'

'India to drop US tariffs to zero': Trump's BIG claim, says 'they did it just for me'

US manufacturing activity shrank in April by the most in five months. This was driven by lean order books, and the repercussions from tariffs prompted the steepest output contraction since 2020. The institute for supply management's factory gauge pointed to a contraction. However, prices paid for raw materials accelerated slightly.
The latest data shows that the industrial sector has trouble getting off the ground due to US tariffs and overall trade policy uncertainties. Backlogs decreased more quickly, and orders declined for a third consecutive month. Both of those are indicators of weak demand.
Eleven industries expanded, led by apparel, petroleum, plastics and rubber, while six contracted. The report also showed the strategy of rushing in imports ahead of tariffs is drawing to a close.
The ISM imports index declined at the fastest pace since the end of 2023. In addition to the headwinds posed by sluggish demand, producers are also contending with higher costs.
<h2 class="MsoNormal">US factories struggle for traction</h2>
A measure of prices paid for materials increased to the highest level since June 2022 despite cheaper energy costs. Weak orders, slower production and declining backlogs help explain a third straight month of decreasing manufacturing employment. Manufacturing activity data clearly suggests stagflation at play.
Economists warn that the US may already be in recession, with uncertainty around Trump's tariffs weighing further on economic activity. The US economy contracted at the start of 2025, and hard data so far in this quarter suggests a recession reading is imminent.
(With inputs from the agencies)<o:p></o:p>

Business & Economy: US manufacturing activity shrank in April by the most in five months. This was driven by lean order books, and the repercussions from tariffs prompted the steepest output contraction since 2020.

US manufacturing activity shrank in April by the most in five months. This was driven by lean order books, and the repercussions from tariffs prompted the steepest output contraction since 2020. The institute for supply management's factory gauge pointed to a contraction. However, prices paid for raw materials accelerated slightly. The latest data shows that the industrial sector has trouble getting off the ground due to US tariffs and overall trade policy uncertainties. Backlogs decreased more quickly, and orders declined for a third consecutive month. Both of those are indicators of weak demand. Eleven industries expanded, led by apparel, petroleum, plastics and rubber, while six contracted. The report also showed the strategy of rushing in imports ahead of tariffs is drawing to a close. The ISM imports index declined at the fastest pace since the end of 2023. In addition to the headwinds posed by sluggish demand, producers are also contending with higher costs. US factories struggle for traction A measure of prices paid for materials increased to the highest level since June 2022 despite cheaper energy costs. Weak orders, slower production and declining backlogs help explain a third straight month of decreasing manufacturing employment. Manufacturing activity data clearly suggests stagflation at play. Economists warn that the US may already be in recession, with uncertainty around Trump's tariffs weighing further on economic activity. The US economy contracted at the start of 2025, and hard data so far in this quarter suggests a recession reading is imminent. (With inputs from the agencies)

US manufacturing activity shrinks by most since November

Former Vice President Kamala Harris in her first major speech since leaving office, criticised US President Donald Trump, while also accusing him of the "greatest made-made economic crisis in modern presidential history".&nbsp;
While rebuking her former rival, Harris took note of major policy shifts brought by Trump, which led to a crisis in America.&nbsp;
She blamed Trump's <a href="https://www.wionews.com/tags/tariff">tariff</a>&nbsp;policies, and immigration crackdown, among other policy changes, saying that it poses the risk of taking the US into recession.&nbsp;
Harris was speaking in San Francisco at a gala event for the organization Emerge America, which helps women run for office.
Also read: <a href="https://www.wionews.com/world/we-need-to-de-escalate-us-treasury-secretary-bessent-says-hes-confident-china-will-want-to-reach-tariff-deal-9023185">&lsquo;We need to de-escalate&rsquo;: US Treasury Secretary Bessent says he&rsquo;s confident China will want to reach tariff deal</a>
<h2>'Reckless tariffs'</h2>
"Some people are describing what's been happening in recent months as absolute chaos. And of course, I understand why. It's certainly true of those tariffs. Tariffs that &mdash; as I predicted &mdash; are clearly inviting a recession," Harris said.
She further applauded those Americans who are rallying against the tariffs, saying that they will increase everyday costs and impact retirement accounts and small businesses.
Harris said, "Instead of an administration working to advance America&rsquo;s highest ideals, we are witnessing the wholesale abandonment of those ideals.&rdquo;
Also read: <a href="https://www.wionews.com/business-economy/are-tariffs-taking-a-bite-out-of-the-us-economy-9020569">Are tariffs taking a 'bite' out of the US economy?</a>
She blamed Trump for "reckless" tariffs and said, "As I predicted,&rdquo; they are &ldquo;clearly inviting a recession.&rdquo;
She added that the import taxes will "hurt workers and families by raising the cost of everyday essentials, devastate their retirement accounts that people spent a lifetime paying into, and paralyze American businesses, large and small, forcing them to lay off people.&rdquo;
Stressing that Trump and his allies are counting on the notion that fear can be contagious, Harris said, "They are counting on the notion that, if they can make some people afraid, it will have a chilling effect on others. But what they&rsquo;ve overlooked is that fear isn&rsquo;t the only thing that&rsquo;s contagious. Courage is contagious.&rdquo;
<h2>Harris calls out immigrants deportation&nbsp;</h2>
Harris, who herself is a child of immigrants, also called out the Trump administration's deportations of lawful residents, including university students, and its interrogation of US citizens.&nbsp;
It is &ldquo;not OK to detain and disappear American citizens or anyone without due process,&rdquo; she said.
She also lauded Democrats who are standing up against Trump and his administration. Harris warned that &ldquo;things are probably going to get worse before they get better,&rdquo; but also expressed confidence that Democrats were &ldquo;ready&rdquo; to face the moment.
Also read: <a href="https://www.wionews.com/world/one-wrong-turn-that-led-to-el-salvador-prison-how-trump-administration-arrested-mcdonalds-delivery-guy-9002429">One wrong turn that led to El Salvador prison - How Trump administration arrested McDonald's delivery guy</a>
&nbsp;

She blamed Trump's tariff policies, and immigration crackdown, among other policy changes, saying that it poses the risk of taking the US into recession.  WORLD

Former Vice President Kamala Harris in her first major speech since leaving office, criticised US President Donald Trump, while also accusing him of the "greatest made-made economic crisis in modern presidential history". While rebuking her former rival, Harris took note of major policy shifts brought by Trump, which led to a crisis in America. She blamed Trump's tariff policies, and immigration crackdown, among other policy changes, saying that it poses the risk of taking the US into recession. Harris was speaking in San Francisco at a gala event for the organization Emerge America, which helps women run for office. Also read: ‘We need to de-escalate’: US Treasury Secretary Bessent says he’s confident China will want to reach tariff deal 'Reckless tariffs' "Some people are describing what's been happening in recent months as absolute chaos. And of course, I understand why. It's certainly true of those tariffs. Tariffs that — as I predicted — are clearly inviting a recession," Harris said. She further applauded those Americans who are rallying against the tariffs, saying that they will increase everyday costs and impact retirement accounts and small businesses. Harris said, "Instead of an administration working to advance America’s highest ideals, we are witnessing the wholesale abandonment of those ideals.” Also read: Are tariffs taking a 'bite' out of the US economy? She blamed Trump for "reckless" tariffs and said, "As I predicted,” they are “clearly inviting a recession.” She added that the import taxes will "hurt workers and families by raising the cost of everyday essentials, devastate their retirement accounts that people spent a lifetime paying into, and paralyze American businesses, large and small, forcing them to lay off people.” Stressing that Trump and his allies are counting on the notion that fear can be contagious, Harris said, "They are counting on the notion that, if they can make some people afraid, it will have a chilling effect on others. But what they’ve overlooked is that fear isn’t the only thing that’s contagious. Courage is contagious.” Harris calls out immigrants deportation Harris, who herself is a child of immigrants, also called out the Trump administration's deportations of lawful residents, including university students, and its interrogation of US citizens. It is “not OK to detain and disappear American citizens or anyone without due process,” she said. She also lauded Democrats who are standing up against Trump and his administration. Harris warned that “things are probably going to get worse before they get better,” but also expressed confidence that Democrats were “ready” to face the moment. Also read: One wrong turn that led to El Salvador prison - How Trump administration arrested McDonald's delivery guy

'Reckless tariffs, immigration crackdown...': Kamala Harris accuses Trump of 'greatest man-made economic crisis'

The US Senate has blocked a Democratic-led resolution to stop President Donald Trump's proposed reciprocal tariffs. Despite internal GOP concerns, Republicans rallied behind Trump, leading to a 49-49 deadlock that prevented the resolution from passing.

Senate votes against resolution to block Trump's reciprocal tariffs

US Treasury Secretary Scott Bessent on Thursday (May 1) said that he was confident China would want to reach a deal on tariffs. He added that the United States will likely revisit the phase one trade deal with Beijing from President Donald Trump&rsquo;s first administration.
In an interview with Fox Business Network, Bessant said, &ldquo;I am confident that the Chinese will want to reach a deal. And as I said, this is going to be a multi-step process. First, we need to de-escalate, and then over time, we will start focusing on a larger trade deal.&rdquo;
Also read | <a href="https://www.wionews.com/business-economy/coffee-price-hike-9021386">Is your coffee getting pricier?: Here&rsquo;s how climate change and Trump tariff is affecting it</a>
White House economic adviser Kevin Hassett also said that he was hopeful for progress with China on trade. He cited &ldquo;loose discussions&rdquo; between both nations but said that he personally did not have any talks with Chinese officials.
&ldquo;We&rsquo;re hopeful for progress. I think that the fact that the tariffs came off last week shows that we&rsquo;re very close to making the kind of progress we need to move the ball forward,&rdquo; Hassett said.
Also read | <a href="https://www.wionews.com/world/musk-dons-double-hat-at-cabinet-meeting-trump-officials-show-off-gulf-of-america-hats-9020198">Musk dons &lsquo;double hat&rsquo; at cabinet meeting; Trump officials show off &lsquo;Gulf of America&rsquo; hats</a>
<h2>Phase one trade deal</h2>
The phase one trade deal, which was signed in January 2020, stated that China would buy an additional $200 bn in US exports over 2020 and 2021. But it was unable to import enough US goods to meet its import levels from 2017.
Also read | <a href="https://www.wionews.com/world/trump-defying-supreme-court-order-on-purpose-us-president-reveals-he-could-return-el-salvadoran-man-9020073">Trump defying Supreme Court order on purpose? US president reveals he &lsquo;could&rsquo; return El Salvadoran man</a>
The deal included other agreements, including China committing to remove technical barriers to US agricultural exports, protecting the intellectual property rights of US companies and stopping transfers of technology.
On Tuesday (Apr 29), Bessent told Fox News that the administration would &ldquo;take into account&rdquo; that China &ldquo;didn&rsquo;t adhere to the phase one deal&rdquo;.
Also read | <a href="https://www.wionews.com/world/china-getting-absolutely-hammered-trump-says-beijing-doing-very-poorly-due-to-us-tariffs-9019893">&lsquo;China getting absolutely hammered&rsquo;: Trump says Beijing doing &lsquo;very poorly&rsquo; due to US tariffs</a>
&ldquo;I think we&rsquo;ll have to take into account that they didn&rsquo;t adhere to the phase one deal and, you know, I note with great interest that the Biden administration liked the tariffs, but they didn&rsquo;t enforce the purchase agreements,&rdquo; he said.

White House economic adviser Kevin Hassett also said that he was hopeful for progress with China on trade. He cited “loose discussions” between both nations but said that he personally did not have any talks with Chinese officials. World

US Treasury Secretary Scott Bessent on Thursday (May 1) said that he was confident China would want to reach a deal on tariffs. He added that the United States will likely revisit the phase one trade deal with Beijing from President Donald Trump’s first administration. In an interview with Fox Business Network, Bessant said, “I am confident that the Chinese will want to reach a deal. And as I said, this is going to be a multi-step process. First, we need to de-escalate, and then over time, we will start focusing on a larger trade deal.” Also read | Is your coffee getting pricier?: Here’s how climate change and Trump tariff is affecting it White House economic adviser Kevin Hassett also said that he was hopeful for progress with China on trade. He cited “loose discussions” between both nations but said that he personally did not have any talks with Chinese officials. “We’re hopeful for progress. I think that the fact that the tariffs came off last week shows that we’re very close to making the kind of progress we need to move the ball forward,” Hassett said. Also read | Musk dons ‘double hat’ at cabinet meeting; Trump officials show off ‘Gulf of America’ hats Phase one trade deal The phase one trade deal, which was signed in January 2020, stated that China would buy an additional $200 bn in US exports over 2020 and 2021. But it was unable to import enough US goods to meet its import levels from 2017. Also read | Trump defying Supreme Court order on purpose? US president reveals he ‘could’ return El Salvadoran man The deal included other agreements, including China committing to remove technical barriers to US agricultural exports, protecting the intellectual property rights of US companies and stopping transfers of technology. On Tuesday (Apr 29), Bessent told Fox News that the administration would “take into account” that China “didn’t adhere to the phase one deal”. Also read | ‘China getting absolutely hammered’: Trump says Beijing doing ‘very poorly’ due to US tariffs “I think we’ll have to take into account that they didn’t adhere to the phase one deal and, you know, I note with great interest that the Biden administration liked the tariffs, but they didn’t enforce the purchase agreements,” he said.

‘We need to de-escalate’: US Treasury Secretary Bessent says he’s confident China will want to reach tariff deal

US President Donald Trump expressed optimism about trade negotiations with India, South Korea, and Japan. Speaking to reporters, Trump emphasized that the US is making major progress with these countries and is on track to finalize key deals. Watch in for more details!

Trade deals with India, Japan, South Korea to come into effect soon, says US President Trump

The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 &mdash; the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline.<o:p></o:p>
<h2 class="MsoNormal">US economy shrinks as imports soar<o:p></o:p></h2>
Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates.<o:p></o:p>
Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty.&nbsp;
Meanwhile, core inflation also accelerated &mdash; the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed.&nbsp;<o:p></o:p>President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength.<o:p></o:p>
Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border."<o:p></o:p>
Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.<o:p></o:p>

Business & Economy: The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. This comes as businesses rush to import goods ahead of sweeping new tariffs.

The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline. US economy shrinks as imports soar Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates. Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty. Meanwhile, core inflation also accelerated — the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed. President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength. Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border." Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.

Are tariffs taking a 'bite' out of the US economy?

Factory activity in Asia’s two largest economies—China and Japan—is showing fresh signs of strain, as the impact of escalating trade tensions with the united states begins to drag on growth across the region. In China, factory output shrank at its fastest pace since December 2023, with the official manufacturing purchasing managers’ index dropping in April.

Trade war slows Asia's manufacturing output

US President Trump congratulates Canadian Prime Minister Mark Carney on his election win, agreeing to meet and work together despite tensions over tariffs and trade policies. Watch this report for more information!

Trump, Carney agree to 'meet & work together'

The White House has slammed Jeff Bezos for Amazon&rsquo;s &lsquo;hostile and political act&rsquo; against America. This comes after Amazon announced it would show the cost of tariffs imposed by <a href="https://www.wionews.com/tags/trump-0">US President Donald Trump</a> on the price of products.
White House press secretary Karoline Leavitt said that she had just spoken to the president about Amazon&rsquo;s latest move, adding that Trump gave a clear message: &ldquo;This is a hostile and political act by Amazon.&rdquo;
Also read | <a href="https://www.wionews.com/world/indo-canadian-mps-hit-new-high-in-canada-polls-sukh-dhaliwal-anita-anand-9015726">Indo-Canadian MPs hit new high in Canada polls: How many got elected this year? | Full list</a>
Amazon&rsquo;s move was first reported by Punchbowl News, citing a person familiar with the plan.
&ldquo;Why didn&rsquo;t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?&rdquo; she expressed outrage, accusing the world&rsquo;s biggest online retailer of acting in a partisan manner. She also claimed Amazon was serving as a willing tool of Chinese propaganda.
Also read | <a href="https://www.wionews.com/world/a-new-path-forward-carneys-liberals-secure-victory-in-canadian-elections-amid-trumps-looming-threats-9015254">&lsquo;A new path forward&rsquo;: Carney&rsquo;s Liberals secure victory in Canadian elections amid Trump&rsquo;s looming threats</a>
&ldquo;It&rsquo;s not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm. So this is another reason why Americans should buy American,&rdquo; Leavitt said, citing a news article from December 2021.
At that time, Amazon maintained that it complied with all rules and laws in the nations where it conducts business, including China.
Also read | <a href="https://www.wionews.com/world/sikh-truck-drivers-in-us-worried-trumps-new-order-says-american-truckers-have-to-be-proficient-in-english-9014942">Sikh truck drivers in US worried? Trump's new order says American truckers have to be 'proficient in English'</a>
The recent development may have strained the relationship between Bezos and Trump, which earlier seemed to be improving since the Republican&rsquo;s win in the elections last year in November. Bezos had donated $1 million to Trump&rsquo;s inaugural fund and attended Trump's inauguration.
Watch | Trump&rsquo;s First 100 Days: Lowest Approval Ratings For Any US President In 70 Years
<iframe width="600" height="auto" style="width: 100%; aspect-ratio: 4/3;" allowfullscreen="allowfullscreen" class="external-video publive-iframes-block" src="https://cdn.thepublive.com/wion/static/kaltura_player/wion_video_player_iframe.html?thumbnail=wion/media/post_attachments/screenshot/2904_TRUMP_8PM/00000002.jpg&amp;videourl=https://vodakm.zeenews.com/vod/WION/2904_TRUMP_8PM.mp4/index.m3u8&amp;duration=191&amp;tags=trump, usa, wion" title="Trump&rsquo;s First 100 Days: Lowest Approval Ratings For Any US President In 70 Years" id="PL_iframe_block-ma2psmo3-v9qhj0x7-w37syds8"></iframe>
<h2>Trump's tariffs affecting his popularity</h2>
Trump has maintained that his tariffs will help return jobs and industry back to the United States. However, estimates have shown that it would significantly impact American households due to the increased price of imports. The US president&rsquo;s tariff moves have also impacted his approval rating adversely.

The recent development may have strained the relationship between Bezos and Trump, which earlier seemed to be improving since the Republican’s win in the elections last year. World

The White House has slammed Jeff Bezos for Amazon’s ‘hostile and political act’ against America. This comes after Amazon announced it would show the cost of tariffs imposed by US President Donald Trump on the price of products. White House press secretary Karoline Leavitt said that she had just spoken to the president about Amazon’s latest move, adding that Trump gave a clear message: “This is a hostile and political act by Amazon.” Also read | Indo-Canadian MPs hit new high in Canada polls: How many got elected this year? | Full list Amazon’s move was first reported by Punchbowl News, citing a person familiar with the plan. “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” she expressed outrage, accusing the world’s biggest online retailer of acting in a partisan manner. She also claimed Amazon was serving as a willing tool of Chinese propaganda. Also read | ‘A new path forward’: Carney’s Liberals secure victory in Canadian elections amid Trump’s looming threats “It’s not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm. So this is another reason why Americans should buy American,” Leavitt said, citing a news article from December 2021. At that time, Amazon maintained that it complied with all rules and laws in the nations where it conducts business, including China. Also read | Sikh truck drivers in US worried? Trump's new order says American truckers have to be 'proficient in English' The recent development may have strained the relationship between Bezos and Trump, which earlier seemed to be improving since the Republican’s win in the elections last year in November. Bezos had donated $1 million to Trump’s inaugural fund and attended Trump's inauguration. Watch | Trump’s First 100 Days: Lowest Approval Ratings For Any US President In 70 Years Trump's tariffs affecting his popularity Trump has maintained that his tariffs will help return jobs and industry back to the United States. However, estimates have shown that it would significantly impact American households due to the increased price of imports. The US president’s tariff moves have also impacted his approval rating adversely.

‘Hostile and political’: White House slams Jeff Bezos over Amazon’s move to show Trump’s tariffs on price tags

Canada's Liberal Party, led by Mark Carney, wins a new term in power. However, the election takes a dramatic turn with Donald Trump's comments on Canada, calling it the '51st state'. Watch this report for more information!

Liberals win Canada election: Mark Carney shows tough stance on the US after victory

Liberals win Canada elections: Mark Carney's win election dominated by Trump’s trade war

Liberals win Canada elections: Mark Carney's victory amid Trump's trade war

Gold prices soared to historic highs this week, briefly crossing 3,500 dollars per ounce for the first time ever, before retreating sharply as market sentiment shifted.

After hitting an all-time high of $3,500.33, gold pulled back and was last trading around $3,323.

Should you buy gold this festive season?

Gold peaks, then retreats on tariff news

Trump's trade war is hitting American wallets hard, with tariffs imposed on various countries, including China, Canada, Mexico, and the European Union. The tariffs aim to boost US competitiveness but have led to higher prices, reduced imports, and economic losses.

Trump's trade war hits American wallets, can Trump save America’s stores from going empty?

US President Donald Trump is approaching the first 100 days in his second term in office. This period has been action-packed, with heightened trade policy uncertainty stemming from a flurry of tariff activity.<o:p></o:p>
Trump's time in the office so far has been a topsy-turvy period for global financial markets and world leaders. He first threatened tariffs, then imposed them and then made a U-turn. Well, at least for the most part.<o:p></o:p>
<h2 class="MsoNormal">'Sell America' trades dominate Trump's second term<o:p></o:p></h2>
Recession and stagflation have been the buzzwords. 'Sell American assets' has been the latest trade position. The US dollar and treasuries have been trading like risk and emerging market assets in recent weeks.<o:p></o:p>
The Dow Jones index is set for its worst April since the great depression market horror in 1932. While signs of trump easing off on his rhetoric saw a relief rally in global markets on Wednesday, the possibility of continued volatility remains high.<o:p></o:p>
Leading world bodies like the World Bank, World Trade Organisation, and the International Monetary Fund have warned of a surge in inflation and a significant growth slowdown from trump's tariff rhetoric.<o:p></o:p>
Global leaders have warned of systematic shifts in world trade and a permanent hit to supply chains. Analysts have sold oil to levels not seen in years. Bets on bitcoin and gold have surged, with the yellow metal shining above 3,500 dollars an ounce for the first time this week.<o:p></o:p>
Bruce Kasman, head of economic research at JPMorgan, said, "It has been an eventful 100 days. I think what we've seen has been more disruptive actions, particularly on the trade front, where we've increased tariffs quite substantially on a wide set of countries. We've also increased uncertainty quite significantly as tariffs have been both added and then taken away."<o:p></o:p>
He said, "And we remain in this uncertain environment, on a number of bilateral negotiations going on here. And our net effect of these things has been to shift our forecast to actually incorporate a US recession for 2025."<o:p></o:p>
Kasman added, "We think it will take some time to realise the drags that are in place from the tariff shocks right now. But we look to see the economy begin to falter as we move through the middle part of the year and as we move towards a recession, which we expect to happen sometime in the third quarter."<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Trump's time in the office so far has been a topsy-turvy period for global financial markets and world leaders. He first threatened tariffs, then imposed them and then made a U-turn. Well, at least for the most part.

US President Donald Trump is approaching the first 100 days in his second term in office. This period has been action-packed, with heightened trade policy uncertainty stemming from a flurry of tariff activity. Trump's time in the office so far has been a topsy-turvy period for global financial markets and world leaders. He first threatened tariffs, then imposed them and then made a U-turn. Well, at least for the most part. 'Sell America' trades dominate Trump's second term Recession and stagflation have been the buzzwords. 'Sell American assets' has been the latest trade position. The US dollar and treasuries have been trading like risk and emerging market assets in recent weeks. The Dow Jones index is set for its worst April since the great depression market horror in 1932. While signs of trump easing off on his rhetoric saw a relief rally in global markets on Wednesday, the possibility of continued volatility remains high. Leading world bodies like the World Bank, World Trade Organisation, and the International Monetary Fund have warned of a surge in inflation and a significant growth slowdown from trump's tariff rhetoric. Global leaders have warned of systematic shifts in world trade and a permanent hit to supply chains. Analysts have sold oil to levels not seen in years. Bets on bitcoin and gold have surged, with the yellow metal shining above 3,500 dollars an ounce for the first time this week. Bruce Kasman, head of economic research at JPMorgan, said, "It has been an eventful 100 days. I think what we've seen has been more disruptive actions, particularly on the trade front, where we've increased tariffs quite substantially on a wide set of countries. We've also increased uncertainty quite significantly as tariffs have been both added and then taken away." He said, "And we remain in this uncertain environment, on a number of bilateral negotiations going on here. And our net effect of these things has been to shift our forecast to actually incorporate a US recession for 2025." Kasman added, "We think it will take some time to realise the drags that are in place from the tariff shocks right now. But we look to see the economy begin to falter as we move through the middle part of the year and as we move towards a recession, which we expect to happen sometime in the third quarter." (With inputs from the agencies)

Trump's first 100 days: what's happened?

US President Donald Trump said that his administration is expecting to reach a &ldquo;fair deal&rdquo; with China on trade, suggesting reducing tariffs on Chinese imports.
&ldquo;We are going to have a fair deal with China. It&rsquo;s going to be fair,&rdquo; Trump told reporters at the White House on Wednesday (Apr 23).&nbsp;
Also read | <a href="https://www.wionews.com/world/zelensky-prolonging-the-killing-field-trump-slams-ukrainian-presidents-remark-on-crimea-occupation-says-he-is-harming-peace-talks-8995056">&lsquo;Zelensky prolonging killing field&rsquo;: Trump slams Ukrainian leader's remark on Crimea occupation</a>
When asked whether he&rsquo;s actively in communication with Chinese leaders, he responded, &ldquo;Everything&rsquo;s active&rdquo;.
Trump, who seems to be softening his tone with <a href="https://www.wionews.com/tags/china-0">China</a>&nbsp;regarding tariffs, made the remarks after he rattled the global markets with his sweeping tariffs on several nations.
Also read | <a href="https://www.wionews.com/world/china-tariffs-may-come-down-but-trump-changed-his-mind-on-beijing-trade-war-what-will-happen-next-8994552">'China tariffs may come down, but...': Trump changed his mind on Beijing trade war - What will happen next?</a>
Earlier on Tuesday (Apr 22), Trump said that he is not seeking to play &ldquo;hardball&rdquo; with Beijing, adding that the 145 per cent levies imposed on China will eventually &ldquo;come down substantially&rdquo;.
<h2>White House to cut down tariffs on China</h2>
According to a Wall Street Journal report citing an unnamed senior official, the White House is considering cutting the steep tariffs on China during trade negotiations. It added that the rate could be decreased by 50 to 65 per cent.
Also read | <a href="https://www.wionews.com/world/us-wants-kyiv-to-respond-to-final-peace-deal-that-gives-major-territories-to-russia-8994265">Kyiv reluctant about Trump's 'final' peace offer as US says it is ready to 'move on': Report</a>
&ldquo;Everyone&rsquo;s going to be happy, but we&rsquo;re no longer going to be the country that&rsquo;s ripped off by every country in the world,&rdquo; Trump said.
On Wednesday (Apr 23), the US stock market surged on assurances from the US president that he has no intention to fire Federal Reserve chairman Jerome Powell. The Trump administration has also hinted at de-escalating tensions with China.&nbsp;
Watch | Elon Musk to cut DOGE time after Tesla profit drops 71%
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On Tuesday (Apr 22), Treasury Secretary Scott Bessent said that a trade war between the two nations was not sustainable.

Trump, who seems to be softening his tone with China regarding tariffs, made the remarks after he rattled the global markets with his sweeping tariffs on several nations. World

US President Donald Trump said that his administration is expecting to reach a “fair deal” with China on trade, suggesting reducing tariffs on Chinese imports. “We are going to have a fair deal with China. It’s going to be fair,” Trump told reporters at the White House on Wednesday (Apr 23). Also read | ‘Zelensky prolonging killing field’: Trump slams Ukrainian leader's remark on Crimea occupation When asked whether he’s actively in communication with Chinese leaders, he responded, “Everything’s active”. Trump, who seems to be softening his tone with China regarding tariffs, made the remarks after he rattled the global markets with his sweeping tariffs on several nations. Also read | 'China tariffs may come down, but...': Trump changed his mind on Beijing trade war - What will happen next? Earlier on Tuesday (Apr 22), Trump said that he is not seeking to play “hardball” with Beijing, adding that the 145 per cent levies imposed on China will eventually “come down substantially”. White House to cut down tariffs on China According to a Wall Street Journal report citing an unnamed senior official, the White House is considering cutting the steep tariffs on China during trade negotiations. It added that the rate could be decreased by 50 to 65 per cent. Also read | Kyiv reluctant about Trump's 'final' peace offer as US says it is ready to 'move on': Report “Everyone’s going to be happy, but we’re no longer going to be the country that’s ripped off by every country in the world,” Trump said. On Wednesday (Apr 23), the US stock market surged on assurances from the US president that he has no intention to fire Federal Reserve chairman Jerome Powell. The Trump administration has also hinted at de-escalating tensions with China. Watch | Elon Musk to cut DOGE time after Tesla profit drops 71% On Tuesday (Apr 22), Treasury Secretary Scott Bessent said that a trade war between the two nations was not sustainable.

Trump softening with China on Tariffs? US President says he wants ‘fair deal’ with Beijing

<div class="SCXW114461505 BCX0">
<div class="OutlineElement Ltr SCXW114461505 BCX0">
<h2 class="MsoNormal">A Cold War with Tariffs, Not Nukes&nbsp;<o:p></o:p></h2>
The recent pause in new tariffs on countries other than China sends a clear signal: this isn&rsquo;t a global trade war &mdash; it&rsquo;s a targeted Cold War between the US and China. Tariffs remain firmly in place on Chinese goods, while those willing to negotiate get a reprieve. The message is strategic: America is at odds with Beijing&rsquo;s version of global trade and multilateral trade rules of WTO.&nbsp;<o:p></o:p>
This is not just a confrontation over trade balances. It is a structural standoff &mdash; about who defines the rules of global commerce, technology flows, currency power and resource control. And Donald Trump, now back in office, is using tariffs not just to pressure China but to reposition America in a shifting world order.&nbsp;&nbsp;<o:p></o:p>
<h2 class="MsoNormal">The Six Moves Behind the Tariff Gambit&nbsp;&nbsp;<o:p></o:p></h2>
If one looks beyond the headline skirmishes, the US playbook becomes clear:&nbsp;&nbsp;<o:p></o:p>
<ol style="margin-top: 0cm;" start="1" type="1">
<li class="MsoNormal" style="mso-list: l3 level1 lfo1; tab-stops: list 36.0pt;">Bypass the WTO: Through bilateral trade deals, the US is methodically sidelining the WTO, weakening multilateral frameworks where China still enjoys protections. The sins of the past are biting USA now&nbsp;<o:p></o:p></li>
</ol>
<ol style="margin-top: 0cm;" start="2" type="1">
<li class="MsoNormal" style="mso-list: l6 level1 lfo2; tab-stops: list 36.0pt;">Push US Exports: Allies are being nudged to buy more American oil, defence systems, high-end electronics and agricultural products &mdash; all while paying in US dollars. This will gain impetus as China will need to find alternate markets or rewire the Supply Chains.&nbsp;<o:p></o:p></li>
</ol>
<ol style="margin-top: 0cm;" start="3" type="1">
<li class="MsoNormal" style="mso-list: l7 level1 lfo3; tab-stops: list 36.0pt;">Preserve Dollar Dominance: Ensuring global trade stays dollar-denominated is critical to maintaining US influence and financing its deficits.&nbsp;<o:p></o:p></li>
</ol>
<ol style="margin-top: 0cm;" start="4" type="1">
<li class="MsoNormal" style="mso-list: l5 level1 lfo4; tab-stops: list 36.0pt;">Pressure Russia via Oil: Keeping global oil prices low undermines Russia&rsquo;s war economy, and doubles up as relief for US consumers.&nbsp;<o:p></o:p></li>
</ol>
<ol style="margin-top: 0cm;" start="5" type="1">
<li class="MsoNormal" style="mso-list: l8 level1 lfo5; tab-stops: list 36.0pt;">Corner the EU: Europe is being pushed to buy less from Russia and more from the US, particularly energy and defence, tightening American strategic grip.&nbsp;<o:p></o:p></li>
</ol>
<ol style="margin-top: 0cm;" start="6" type="1">
<li class="MsoNormal" style="mso-list: l2 level1 lfo6; tab-stops: list 36.0pt;">Meet local expectation &ndash; Trump came to power on the premise of more jobs through manufacturing, infrastructure, etc. and ending the Chinese hegemony. He needs to fulfil these promises&nbsp;&nbsp;<o:p></o:p></li>
</ol>
This isn&rsquo;t just a trade war. It&rsquo;s a high-stakes chessboard where tariffs, oil, electoral promises and geopolitics are pieces in play.&nbsp;<o:p></o:p>
<h2 class="MsoNormal">Global Games, Local Deadlines&nbsp;<o:p></o:p></h2>
Yet, every global game has a domestic clock. Trump returned to the White House in 2024 end, but his eye is now on 2026 end, when the midterms could define the second half of his presidency.&nbsp;<o:p></o:p>
He needs to show progress on what he promised: American jobs, American strength and a revival of forgotten industrial towns. But the assumption that manufacturing will come rushing back on the wings of tariffs is misplaced.&nbsp;<o:p></o:p>
Supply chains are complex. Skills take time to rebuild. Infrastructure, logistics, vendor ecosystems &mdash; these are not switch-flip problems. Even with punitive tariffs, shifting entire value chains back to American soil will take at least 5 years. 60 per cent of Americans need to be re-skilled which is not possible in a short time frame. Trump knows this and is not politically na&iuml;ve.&nbsp;<o:p></o:p>
<h2 class="MsoNormal">$800 Million a Day &mdash; Now What?&nbsp;<o:p></o:p></h2>
With the 10 per cent tariff estimated to reach $800 million a day, the White House has funds. But where will that money go? Not just into subsidies or temporary sops or tax exemptions. Trump needs visible, job-heavy, domestic spending that aligns with his America First rhetoric and delivers tangible change within two years.&nbsp;<o:p></o:p>
The answer lies not in factories, but in infrastructure.&nbsp;<o:p></o:p>
<h2 class="MsoNormal">America First &mdash; With Asphalt&nbsp;<o:p></o:p></h2>
Trump has always loved big, bold construction projects. Airports. Highways. Walls. Ports. And it&rsquo;s here that tariffs can be transformed into jobs.&nbsp;<o:p></o:p>
Think about it: the same semi-skilled and unskilled workers displaced by factory closures can find new employment in rebuilding America&rsquo;s roads, railways and runways. The Southern Wall &mdash; a recurring Trump symbol &mdash; could return, not just as a security measure but as an employment generator. And unlike manufacturing, infrastructure offers fast, visual results. It&rsquo;s easier to cut ribbons on bridges than to reboot chip fabrication labs.&nbsp;<o:p></o:p>
This strategy hits multiple goals:&nbsp;<o:p></o:p>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="mso-list: l1 level1 lfo7; tab-stops: list 36.0pt;">Puts people to work &mdash; quickly&nbsp;<o:p></o:p></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="mso-list: l10 level1 lfo8; tab-stops: list 36.0pt;">Stimulates domestic demand&nbsp;<o:p></o:p></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="mso-list: l4 level1 lfo9; tab-stops: list 36.0pt;">Gives time to re-build supply chains and skills &ndash; bring back delivery, innovation and design to the USA&nbsp;<o:p></o:p></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="mso-list: l9 level1 lfo10; tab-stops: list 36.0pt;">Bolsters campaign optics for 2026&nbsp;<o:p></o:p></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo11; tab-stops: list 36.0pt;">Adds significantly to the GDP&nbsp;<o:p></o:p></li>
</ul>
<h2 class="MsoNormal">&nbsp;Trump&rsquo;s Real Win: Not in Factories, But Foundations&nbsp;<o:p></o:p></h2>
&nbsp;In the end, the tariffs may not restore the old industrial base immediately. But they can fund the next chapter of American competitiveness. This term will be the start for delivery, innovation and design to come back to USA.&nbsp;<o:p></o:p>
Trump&rsquo;s challenge now is not just about confronting China, but about delivering jobs at home, and ensuring his final term ends on a high. Infrastructure may well be the unlikely bridge between international power plays and local livelihoods.&nbsp;<o:p></o:p>
The tariff pauses reveals that this is no global trade war, but a contained Cold War between the US and China &mdash; one with collateral benefits for Trump&rsquo;s domestic agenda. The real victory won&rsquo;t be in factories but in freeways, ports and construction sites &mdash; places where the jobs of yesterday find a path into tomorrow. Infrastructure will be the real Tariff Dividend.&nbsp;<o:p></o:p>
</div>
</div>

Business & Economy: The recent pause in new tariffs on countries other than China sends a clear signal: this isn’t a global trade war — it’s a targeted Cold War between the US and China.

A Cold War with Tariffs, Not Nukes The recent pause in new tariffs on countries other than China sends a clear signal: this isn’t a global trade war — it’s a targeted Cold War between the US and China. Tariffs remain firmly in place on Chinese goods, while those willing to negotiate get a reprieve. The message is strategic: America is at odds with Beijing’s version of global trade and multilateral trade rules of WTO. This is not just a confrontation over trade balances. It is a structural standoff — about who defines the rules of global commerce, technology flows, currency power and resource control. And Donald Trump, now back in office, is using tariffs not just to pressure China but to reposition America in a shifting world order. The Six Moves Behind the Tariff Gambit If one looks beyond the headline skirmishes, the US playbook becomes clear: Bypass the WTO: Through bilateral trade deals, the US is methodically sidelining the WTO, weakening multilateral frameworks where China still enjoys protections. The sins of the past are biting USA now Push US Exports: Allies are being nudged to buy more American oil, defence systems, high-end electronics and agricultural products — all while paying in US dollars. This will gain impetus as China will need to find alternate markets or rewire the Supply Chains. Preserve Dollar Dominance: Ensuring global trade stays dollar-denominated is critical to maintaining US influence and financing its deficits. Pressure Russia via Oil: Keeping global oil prices low undermines Russia’s war economy, and doubles up as relief for US consumers. Corner the EU: Europe is being pushed to buy less from Russia and more from the US, particularly energy and defence, tightening American strategic grip. Meet local expectation – Trump came to power on the premise of more jobs through manufacturing, infrastructure, etc. and ending the Chinese hegemony. He needs to fulfil these promises This isn’t just a trade war. It’s a high-stakes chessboard where tariffs, oil, electoral promises and geopolitics are pieces in play. Global Games, Local Deadlines Yet, every global game has a domestic clock. Trump returned to the White House in 2024 end, but his eye is now on 2026 end, when the midterms could define the second half of his presidency. He needs to show progress on what he promised: American jobs, American strength and a revival of forgotten industrial towns. But the assumption that manufacturing will come rushing back on the wings of tariffs is misplaced. Supply chains are complex. Skills take time to rebuild. Infrastructure, logistics, vendor ecosystems — these are not switch-flip problems. Even with punitive tariffs, shifting entire value chains back to American soil will take at least 5 years. 60 per cent of Americans need to be re-skilled which is not possible in a short time frame. Trump knows this and is not politically naïve. $800 Million a Day — Now What? With the 10 per cent tariff estimated to reach $800 million a day, the White House has funds. But where will that money go? Not just into subsidies or temporary sops or tax exemptions. Trump needs visible, job-heavy, domestic spending that aligns with his America First rhetoric and delivers tangible change within two years. The answer lies not in factories, but in infrastructure. America First — With Asphalt Trump has always loved big, bold construction projects. Airports. Highways. Walls. Ports. And it’s here that tariffs can be transformed into jobs. Think about it: the same semi-skilled and unskilled workers displaced by factory closures can find new employment in rebuilding America’s roads, railways and runways. The Southern Wall — a recurring Trump symbol — could return, not just as a security measure but as an employment generator. And unlike manufacturing, infrastructure offers fast, visual results. It’s easier to cut ribbons on bridges than to reboot chip fabrication labs. This strategy hits multiple goals: Puts people to work — quickly Stimulates domestic demand Gives time to re-build supply chains and skills – bring back delivery, innovation and design to the USA Bolsters campaign optics for 2026 Adds significantly to the GDP Trump’s Real Win: Not in Factories, But Foundations In the end, the tariffs may not restore the old industrial base immediately. But they can fund the next chapter of American competitiveness. This term will be the start for delivery, innovation and design to come back to USA. Trump’s challenge now is not just about confronting China, but about delivering jobs at home, and ensuring his final term ends on a high. Infrastructure may well be the unlikely bridge between international power plays and local livelihoods. The tariff pauses reveals that this is no global trade war, but a contained Cold War between the US and China — one with collateral benefits for Trump’s domestic agenda. The real victory won’t be in factories but in freeways, ports and construction sites — places where the jobs of yesterday find a path into tomorrow. Infrastructure will be the real Tariff Dividend.

Tariffs, Tarmac and the Cold War 2.0: USA’s and Trump’s Game-plan

Global shipping giant DHL has announced a temporary suspension of shipments from businesses to individuals in the US for parcels valued over $800. The suspension is due to significant delays in US customs clearance.

DHL cites multi-day delays due to US regulatory changes

US President <a href="https://www.wionews.com/world/signal-group-chat-leak-trumps-defense-secretary-hegseth-shared-details-of-yemen-attack-with-his-wife-and-family-8983897" rel="dofollow noopener" target="_blank">Donald Trump</a> on Sunday (April 20) shared a list of what he described as &lsquo;non-tariff cheating&rsquo; practices, warning that certain trade behaviours could harm relationships with the United States. The list, made up of eight points, targeted issues like currency manipulation, counterfeiting, and transshipping.
<h2>The eight 'cheating' tactics named by Trump</h2>
In his post, Trump listed eight practices he claims give other countries an unfair advantage in trade. These include:
<ol>
<li>Currency manipulation</li>
<li>Value-Added Taxes (VATs) which, he says, act like tariffs and export subsidies</li>
<li>Selling goods below production cost (known as dumping)</li>
<li>Export subsidies and other state-backed financial support</li>
<li>Strict agricultural and technical standards that block foreign goods</li>
<li>Counterfeiting and piracy</li>
<li>Intellectual property theft</li>
<li>Transshipping goods to avoid tariffs</li>
</ol>
Trump has repeatedly taken issue with what he considers hidden tariffs or export boosts. He argues that practices like currency devaluation and VAT refunds on exports put US producers at a disadvantage.
<h2>The 'bowling ball test' in Japan</h2>
Trump has long accused certain countries of using underhanded methods to undercut American exporters. One of his recurring criticisms involves how Japan allegedly tests the strength of foreign cars.
<a href="https://www.wionews.com/videos/japan-makes-historic-port-call-at-china-controlled-cambodia-naval-base-america-raises-alarms-8983474/embed">https://www.wionews.com/videos/japan-makes-historic-port-call-at-china-controlled-cambodia-naval-base-america-raises-alarms-8983474/embed</a>
&ldquo;It&rsquo;s the bowling ball test. They take a bowling ball from 20 feet up in the air and drop it on the hood of the car,&rdquo; Trump said, repeating a claim he originally made in 2018. &ldquo;If the hood dents, the car doesn&rsquo;t qualify. It&rsquo;s horrible.&rdquo;
<h2>90-day tariff pause for most, but not China</h2>
Trump&rsquo;s post came just days after he announced a 90-day pause on reciprocal tariffs for most US trade partners, with China being the notable exception. Speaking at the Oval Office last Thursday, the president confirmed talks with Beijing were ongoing. &ldquo;Yeah, we're talking to China. I would say they have reached out a number of times,&rdquo; Trump told reporters. He also said he was confident that an agreement would be reached.

World: Trump has repeatedly taken issue with what he considers hidden tariffs or export boosts. He argues that practices like currency devaluation and VAT refunds on exports put US producers at a disadvantage.

US President Donald Trump on Sunday (April 20) shared a list of what he described as ‘non-tariff cheating’ practices, warning that certain trade behaviours could harm relationships with the United States. The list, made up of eight points, targeted issues like currency manipulation, counterfeiting, and transshipping. The eight 'cheating' tactics named by Trump In his post, Trump listed eight practices he claims give other countries an unfair advantage in trade. These include: Currency manipulation Value-Added Taxes (VATs) which, he says, act like tariffs and export subsidies Selling goods below production cost (known as dumping) Export subsidies and other state-backed financial support Strict agricultural and technical standards that block foreign goods Counterfeiting and piracy Intellectual property theft Transshipping goods to avoid tariffs Trump has repeatedly taken issue with what he considers hidden tariffs or export boosts. He argues that practices like currency devaluation and VAT refunds on exports put US producers at a disadvantage. The 'bowling ball test' in Japan Trump has long accused certain countries of using underhanded methods to undercut American exporters. One of his recurring criticisms involves how Japan allegedly tests the strength of foreign cars. https://www.wionews.com/videos/japan-makes-historic-port-call-at-china-controlled-cambodia-naval-base-america-raises-alarms-8983474/embed “It’s the bowling ball test. They take a bowling ball from 20 feet up in the air and drop it on the hood of the car,” Trump said, repeating a claim he originally made in 2018. “If the hood dents, the car doesn’t qualify. It’s horrible.” 90-day tariff pause for most, but not China Trump’s post came just days after he announced a 90-day pause on reciprocal tariffs for most US trade partners, with China being the notable exception. Speaking at the Oval Office last Thursday, the president confirmed talks with Beijing were ongoing. “Yeah, we're talking to China. I would say they have reached out a number of times,” Trump told reporters. He also said he was confident that an agreement would be reached.

Trump names 8 ways countries are ‘cheating’ US on trade: Here’s the full list

Canadians are casting their votes in a high-stakes election with five major political parties vying for power. Key issues shaping the race include Trump-era tariffs, national security, and the future of Canada–US relations. With early voting underway and the final debate wrapped, the contest for Prime Minister is more intense than ever.

Canada elections: Five parties battle as PM race heats up nationwide

US President JD Vance will meet Prime Minister Narendra Modi on April 21, the first day of his four-day India visit. This marks Vance’s first official trip to India since taking office.

India moves to avoid US tariffs

The European Union is considering imposing some limits on exports to the US in a potential response to President Trump's massive trade war. But that is only if the ongoing trade negotiations fail.

EU plans retaliation strategy against tariffs

Italy's Prime Minister Giorgia Meloni, is set to hold talks during a high-stakes summit with US President Donald Trump in the White House on Thursday (April 17).&nbsp;
Meloni is the first European leader to meet Trump after the US president announced tariffs, beginning the trade war.&nbsp;
Meloni and Trump will have lunch at 12 pm local time today (Thursday) before the meeting in the Oval Office.&nbsp;The meeting will be attended by a pool of White House reporters and Italian journalists.&nbsp;
Also read: <a href="https://www.wionews.com/world/put-pressure-on-the-killers-zelensky-urges-partners-ahead-of-us-eu-talks-in-paris-to-end-ukraine-war-8972393">&lsquo;Put pressure on the killers&rsquo;: Zelensky urges partners ahead of US, EU talks in Paris to end Ukraine war</a>
<h2>What's on the agenda?&nbsp;</h2>
A senior US administration official said that <a href="https://www.wionews.com/world/trumps-health-secretary-who-said-autism-is-curable-now-claims-environmental-toxins-could-be-causing-it-8972319">Trump </a>and Meloni meeting was planned "long before" tariffs were introduced, which somehow clarifies that the two leaders' discussion might not just include tariff talks.&nbsp;
The official said the Trump administration wants to "advance the ball and get into a dialogue".
He further believed that Italy plays a key role in the Europe-Middle East-India trade corridor, saying that the White House sees Italy as an "important" market for US products.&nbsp;
Trump "won't simply focus on how Italy's marketplace can be opened up, but how they can help us with the rest of Europe," he added.
One of the official said that Trump will also push that Italy needs to spend more on defence, a key demand for NATO allies from the Trump administration.&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>
&ldquo;Certainly, that will come up,&rdquo; one official said. &ldquo;There are eight countries that aren&rsquo;t meeting their 2% threshold. Italy is unfortunately one of them.&rdquo;
The US has been urging NATO allies to increase their military spending, as the Trump administration seeks an "America First&rdquo; approach to foreign policy.
<h2>Meloni consults with EU leaders before Trump meeting</h2>
Earlier this week, during an event in Rome, Meloni said, "It&rsquo;s a difficult moment, let&rsquo;s see how the situation develops," while talking about her meeting with the US president.&nbsp;
As you can imagine, I&rsquo;m feeling no pressure at all,&rdquo; Meloni joked at the event.&nbsp;
She further said that lets remember "that we have the strength, ability and intelligence to overcome any obstacle.&rdquo;
Moreover, before leaving for the US, Meloni discussed the summit with the European Commission president, Ursula von der Leyen.&nbsp;
Germany&rsquo;s outgoing chancellor, Olaf Scholz, and his successor, Friedrich Merz also held discussions with Meloni, Politico reported.&nbsp;
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>
&nbsp;

Meloni and Trump will have lunch at 12 pm, before the meeting in the Oval Office. The meeting will be attended by a pool of White House and Italian journalists. WORLD

Italy's Prime Minister Giorgia Meloni, is set to hold talks during a high-stakes summit with US President Donald Trump in the White House on Thursday (April 17). Meloni is the first European leader to meet Trump after the US president announced tariffs, beginning the trade war. Meloni and Trump will have lunch at 12 pm local time today (Thursday) before the meeting in the Oval Office. The meeting will be attended by a pool of White House reporters and Italian journalists. Also read: ‘Put pressure on the killers’: Zelensky urges partners ahead of US, EU talks in Paris to end Ukraine war What's on the agenda? A senior US administration official said that Trump and Meloni meeting was planned "long before" tariffs were introduced, which somehow clarifies that the two leaders' discussion might not just include tariff talks. The official said the Trump administration wants to "advance the ball and get into a dialogue". He further believed that Italy plays a key role in the Europe-Middle East-India trade corridor, saying that the White House sees Italy as an "important" market for US products. Trump "won't simply focus on how Italy's marketplace can be opened up, but how they can help us with the rest of Europe," he added. One of the official said that Trump will also push that Italy needs to spend more on defence, a key demand for NATO allies from the Trump administration. Also read: Is Trump’s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India “Certainly, that will come up,” one official said. “There are eight countries that aren’t meeting their 2% threshold. Italy is unfortunately one of them.” The US has been urging NATO allies to increase their military spending, as the Trump administration seeks an "America First” approach to foreign policy. Meloni consults with EU leaders before Trump meeting Earlier this week, during an event in Rome, Meloni said, "It’s a difficult moment, let’s see how the situation develops," while talking about her meeting with the US president. As you can imagine, I’m feeling no pressure at all,” Meloni joked at the event. She further said that lets remember "that we have the strength, ability and intelligence to overcome any obstacle.” Moreover, before leaving for the US, Meloni discussed the summit with the European Commission president, Ursula von der Leyen. Germany’s outgoing chancellor, Olaf Scholz, and his successor, Friedrich Merz also held discussions with Meloni, Politico reported. WATCH | US-China trade war: US imposes 245% tariffs on Chinese imports

'Tariff, US-EU trade deal, or IMEC corridor?' What will Meloni-Trump discuss today during talks in Washington

Nvidia founder and CEO Jensen Huang made a surprise visit to Beijing on Thursday (Apr 17) after the United States announced fresh restrictions on the company&rsquo;s exports of AI chips to <a href="https://www.wionews.com/tags/china">China</a>.
Huang&rsquo;s visit was arranged on the invitation of a trade organisation, according to a social media account affiliated with state media.
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>
Huang met Ren Hongbin, the head of the China Council for the Promotion of International Trade. The state broadcaster China Central Television (CCTV) reported that Huang &ldquo;to continue to cooperate with China,&rdquo; given that it is a &ldquo;key market&rdquo; for the company.
&ldquo;We regularly meet with government leaders to discuss our company&rsquo;s products and technology,&rdquo; an Nvidia representative said.
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>
China Daily, the ruling Communist Party&rsquo;s official English-language outlet, reported that Huang&rsquo;s trip came &ldquo;three months after pledging to continue cooperation with #China during his last visit&rdquo;. The outlet also published a photo of him in Beijing.
The visit comes as the US imposed new export restrictions, blocking Nvidia from shipping its H20 chip to China. The H20 was specifically designed to comply with Biden-era restrictions, which limited its sales to Chinese companies.&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>
The company said that new restrictions could result in a $5.5 billion loss of revenue. On Wednesday (Apr 16), Nvidia&rsquo;s shares dipped about 7 per cent.
<h2>US-China trade tensions</h2>
In a bid to compete in the race for AI supremacy with China, the Trump administration told Nvidia that the fresh rules were designed to prevent the chips from being &ldquo;used in, or diverted to, a supercomputer in China.&rdquo;
Watch | What will get China to the table on trade talks with US? 
<iframe width="600" height="auto" style="width: 100%; aspect-ratio: 4/3;" allowfullscreen="allowfullscreen" class="external-video publive-iframes-block" src="https://cdn.thepublive.com/wion/static/kaltura_player/wion_video_player_iframe.html?thumbnail=wion/media/post_attachments/screenshot/1704_REMAINS_930AM/00000002.jpg&amp;videourl=https://vodakm.zeenews.com/vod/WION/1704_REMAINS_930AM.mp4/index.m3u8&amp;duration=149&amp;tags=us, china, trade, tariffs" title="What will get China to the table on trade talks with US? " id="PL_iframe_block-m9lh9x4j-p2idmvoc-0mxtl138"></iframe>
The recent restrictions come amid the intensifying tech conflict between the two largest economies in the world. US President Donald Trump has imposed a series of sweeping tariffs and export bans on China as the tech industry slumps under enormous pressure.
Recently, Trump warned of imposing global tariffs on semiconductors. Huang&rsquo;s visit highlights that Nvidia is still exploring ways to preserve its presence in China despite the trade restrictions.

Huang’s visit was arranged on the invitation of a trade organisation, according to a social media account affiliated with state media. SCIENCE & TECH | Business & Economy | World

Nvidia founder and CEO Jensen Huang made a surprise visit to Beijing on Thursday (Apr 17) after the United States announced fresh restrictions on the company’s exports of AI chips to China. Huang’s visit was arranged on the invitation of a trade organisation, according to a social media account affiliated with state media. Also read | ‘The Trump Effect in action’: Nvidia to manufacture AI chips in US as Trump plans to announce ‘semiconductor tariffs’ Huang met Ren Hongbin, the head of the China Council for the Promotion of International Trade. The state broadcaster China Central Television (CCTV) reported that Huang “to continue to cooperate with China,” given that it is a “key market” for the company. “We regularly meet with government leaders to discuss our company’s products and technology,” an Nvidia representative said. Also read | China wants to meet? Trump's BIG claim as US trade war with Beijing heats up China Daily, the ruling Communist Party’s official English-language outlet, reported that Huang’s trip came “three months after pledging to continue cooperation with #China during his last visit”. The outlet also published a photo of him in Beijing. The visit comes as the US imposed new export restrictions, blocking Nvidia from shipping its H20 chip to China. The H20 was specifically designed to comply with Biden-era restrictions, which limited its sales to Chinese companies. Also read | Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps The company said that new restrictions could result in a $5.5 billion loss of revenue. On Wednesday (Apr 16), Nvidia’s shares dipped about 7 per cent. US-China trade tensions In a bid to compete in the race for AI supremacy with China, the Trump administration told Nvidia that the fresh rules were designed to prevent the chips from being “used in, or diverted to, a supercomputer in China.” Watch | What will get China to the table on trade talks with US? The recent restrictions come amid the intensifying tech conflict between the two largest economies in the world. US President Donald Trump has imposed a series of sweeping tariffs and export bans on China as the tech industry slumps under enormous pressure. Recently, Trump warned of imposing global tariffs on semiconductors. Huang’s visit highlights that Nvidia is still exploring ways to preserve its presence in China despite the trade restrictions.

Nvidia CEO in Beijing: Is the tech giant finding ways to keep a presence in China after US bans AI chips export?

In the latest in the ongoing trade war saga, China says it is open to talks if the US shows it some respect and resolves Beijing's concerns over US sanctions and Taiwan. The other condition China wants to come to the table for trade talks is a more consistent US position. US President Donald Trump had earlier pressed China to make a tariff offer to calm the escalating trade war.

What will get China to the table on trade talks with US?

Boeing, the United States' largest exporter, is facing a severe crisis as it finds itself caught in the crossfire of the escalating trade war between Washington and Beijing. Boeing’s delivery schedule is in jeopardy, potentially hitting its cash flow and straining relations with major airline customers like Ryanair. Our next report dives deeper into how these trade tensions are threatening Boeing's bottom line and the broader implications for the US economy.

Boeing in turmoil amid US-China trade war

There is a new narrative brewing on social media platforms, where Chinese influencers are flooding American users with videos... Urging consumers to bypass Trump's punishing tariffs and purchase goods directly from China, dubbed the "world's factory," Chinese suppliers are retaliating against the US tariffs. They claim that top and popular US firms are rebranding what is made in China and selling at exorbitant prices in America.

Are 80% of US luxury items manufactured in China?

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