This special report focuses on the renewed tensions in the US-China trade relationship, with President Donald Trump and Chinese President Xi Jinping at the centre of escalating tariff threats. According to the report, the US President’s policy is to ‘put or levy high tariffs and then asking governments to get into negotiation and then negotiating a fresh deal.’ Following threats of tariffs as high as 100%, top officials from both nations have now agreed to restart trade negotiations to de-escalate the conflict that carries significant risks for the global economy. The developments are being closely watched in India, as New Delhi is also engaged in its own bilateral trade negotiations with Washington. A potential meeting between Prime Minister Narendra Modi and President Trump is anticipated on the sidelines of the upcoming 47th ASEAN summit in Kuala Lumpur, where a trade agreement could be finalised.
#TradeWar #USChina #DonaldTrump #itwebvideos #XiJinping #Tariffs #USEconomy #ChinaEconomy #IndiaUS #TradeTalks #ASEANSummit
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