In today’s episode of India Global, In a world already shaken by economic uncertainty, a new battle looms; this time, between the world’s two largest economies. China has labeled Trump’s latest tariff threat as ‘blackmail,’ vowing to fight ‘to the end’ as tensions escalate toward what could become the most destructive trade war in history.
President Trump’s threat to impose a staggering 50% tariff on Chinese goods could push the total levies to over 100% this year, crippling industries and sending shockwaves through global markets. But China isn’t backing down. Meanwhile, within Trump’s own ranks, cracks are forming.
Tech mogul Elon Musk clashes with trade advisor Peter Navarro, calling for zero tariffs with Europe, as the Dow plunges over 5%—the biggest drop since the pandemic. NDTV’s Gaurie Dwivedi speaks with MD and CEO of Edelweiss Mutual Fund Radhika Gupta and Chair-Senior Fellows & Senior Advisor of Milken Institute Curtis S Chin to discuss this and more.
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