The Guardian explores how Donald Trump’s tariff war dramatically transformed global trade, unexpectedly amplifying China’s power while severely straining US-India relations. This editorial unravels the complex and far-reaching impacts on the geopolitical landscape
Trump’s tariff war sent shockwaves through global trade, compelling India and China to reconsider their age-old rivalry. Recent diplomatic talks show these two Asian giants are now seeking new ways to deepen cooperation and join forces against growing economic challenges
Amid escalating tariff battles, U.S. alcohol sales have plummeted by a dramatic 66%, with Canadian consumers turning away from American spirits in droves. This deepening trade conflict is striking a harsh blow to the U.S. liquor industry
Honda has put the brakes on its ambitious plans for a new electric vehicle factory in Canada, as rising trade tensions and tariff disputes cast a shadow over the automotive landscape. This decision highlights the increasing uncertainty surrounding the EV market and raises questions about future investments in this rapidly evolving sector.
Trump’s tariff war with Canada is starting to cast a shadow over Upstate New York’s vibrant tourism economy. Local businesses are feeling the pinch as they report a noticeable drop in Canadian visitors, resulting in dwindling revenue for shops and attractions that thrive on cross-border traffic.
Chinese President Xi Jinping embarks on an aggressive diplomatic tour across Asia, seeking to bolster trade relations amid an ongoing tariff war with the United States. His efforts aim to strengthen alliances and mitigate economic impacts from the escalating conflict.
In a surprising twist amid ongoing trade tensions, experts suggest that Donald Trump’s tariff war with China could lead to lower prices for Australians on Chinese-made goods. With tariffs affecting American imports, Australian consumers might benefit as costs adjust.
Despite the recent decline in the Australian dollar and stock market, experts warn that the United States stands to lose the most from Trump’s escalating tariff war. Analysts emphasize that unintended consequences may hit American consumers and producers hardest.
The OECD warns that the Bank of Canada may have to raise interest rates by up to 1.25% in the event of a full-blown tariff war. This increase aims to combat inflationary pressures stemming from heightened trade tensions, impacting economic stability.
