#trade-dispute

#trade-dispute

United States President Donald Trump has criticised his country's relationship with India as very one-sided and stated that New Delhi had offered to reduce tariffs on US goods to zero. Trump castigated New Delhi for what he depicted as a slanted economic relationship and India's purchases of Russian weapons and oil in a social media post on Monday, marking a further deterioration of ties between the two countries. What few people understand is that we do very little business with India, but they do a tremendous amount of business with us.

But earlier this month he signed an executive order imposing an additional 25% tariff due to India's purchases of Russian oil, bringing the combined tariffs imposed by the U.S. on its ally to 50%.

The European Union and the United States have just 48 hours to resolve a trade dispute or face Donald Trump unleashing billions of dollars worth of transatlantic tariffs.

Minacu, a small city in inland Brazil, is set to become the first operation outside Asia to produce four rare earths on a commercial scale. This marks a pivotal development amid escalating trade disputes between China and the US, particularly since China has historically dominated the production of these essential minerals.

Instead, that's the exact opposite of what happened. Just a day after Lutnick announced a deal had been signed, news broke that Trump is on the cusp of signing executive actions which would dramatically escalate the so-called "AI arms race" with China.