Published: Oct 11, 2025, 08:51 IST | Updated: Oct 11, 2025, 08:51 IST
Tensions between the U.S. and China are set to escalate sharply after former President Donald Trump abruptly canceled a high-stakes meeting with Chinese President Xi Jinping in South Korea. The canceled talks were expected to address the looming tariff standoff and growing economic friction between the two superpowers. With both sides hardening positions, fears of a renewed trade war are rising, threatening global markets and diplomatic stability in East Asia.