All articles tagged with #trade war
Donald Trump threatened to double tariffs on South Korea after Seoul disputed his claim that they agreed to fund a $54 billion natural gas pipeline in Alaska. While Trump framed the project as part of a 2025 trade deal, Korean officials stated they only agreed to review the investment. The dispute coincides with weak US job growth and rising political pressure ahead of midterm elections.
Xi Jinping’s state visit to Washington concluded with a focus on symbolic equality rather than substantive breakthroughs. While Beijing celebrated the 'face' gained from Trump’s personal hospitality, analysts note that concrete outcomes were limited to a two-month trade truce extension and tentative AI dialogue frameworks. The summit highlighted a fragile détente, with both nations issuing separate statements and leaving critical issues like Taiwan and rare earth supply chains unresolved.
A three-day summit between US President Donald Trump and Chinese President Xi Jinping in Washington resulted in the establishment of an AI safety communication channel and a two-month extension of a trade truce. While the US announced a Chinese commitment to buy 10 million metric tons of US coal in 2027-2028, Beijing omitted this detail from its official statement. The talks produced no major breakthroughs on tariffs or rare earth exports, with both sides agreeing to continue working-level negotiations through new trade and investment boards.
Canadian Prime Minister Mark Carney confirmed he has assessed the risk of a US military attack, framing it as a low-probability 'tail risk' rather than an imminent threat. This follows a collapse in trade negotiations and escalating rhetoric from President Trump, who has referred to Canada as a potential '51st state.' While experts deem a US invasion highly unlikely due to military disparities, Ottawa is diversifying its defense and trade alliances to reduce dependence on Washington.
Chinese President Xi Jinping’s state visit to Washington concluded with extensive ceremonial honors but no substantive breakthroughs on key issues. While the two leaders extended a trade war pause until January 10, 2026, and discussed AI, Taiwan, and Iran, closed-door talks yielded few tangible results. Critics labeled the event 'diplotainment,' noting that pageantry overshadowed substantive diplomacy. Xi announced the transfer of two pandas to Atlanta and invited 100,000 young Americans to China, while Trump hosted a state dinner attended by major tech executives. Despite the lavish reception, including a rare airport greeting, foreign policy experts and Democratic lawmakers argued that the summit failed to address critical strategic rivalries.
Canadian Prime Minister Mark Carney confirmed in a New York Times interview that his government has analyzed the remote possibility of US military action against Canada, framing it as a necessary 'extreme tail risk' assessment rather than a base-case scenario. While Carney declined to detail specific preparations, he emphasized that such risk management is a duty of office. This disclosure comes amid escalating tensions, including a collapsed trade deal and Trump’s rhetoric about annexing Canada. Despite the friction, Carney stated he maintains frequent communication with President Trump and remains optimistic about resuming trade negotiations, while simultaneously pursuing strategies to reduce reliance on US technology and defense contracts.
Canadian Prime Minister Mark Carney confirmed in a New York Times interview that he has assessed the risk of a U.S. military invasion, describing it as an 'extreme tail risk' rather than a base case. While Carney maintains a working relationship with President Trump, Canada is actively diversifying its defense and technology dependencies, including reviewing F-35 jet purchases and reducing reliance on Starlink. This strategic shift follows the collapse of trade negotiations in August, which triggered a tariff war and prompted Canada to seek closer ties with the European Union to mitigate American leverage.
Chinese President Xi Jinping arrived in Washington for his first state visit in over a decade, meeting US President Donald Trump in a series of high-profile ceremonies. The two leaders extended their trade truce until January 10, 2027, and discussed artificial intelligence, Taiwan, and the Iran conflict. While the visit featured significant diplomatic gestures, analysts expect only incremental progress due to deep-seated strategic rivalries.
Chinese President Xi Jinping arrived in Washington for a high-profile state visit, receiving a rare tarmac welcome from President Donald Trump. The two leaders agreed to extend their trade truce until January 10, 2027, but experts remain skeptical about substantive breakthroughs on AI and Taiwan.
US tariffs of 50% on about $20 billion of Canadian goods, including dairy, have largely halted cross-border sales and unsettled Canada’s supply-managed dairy system. If US demand remains weak, processors may cut orders, forcing farmers to dump milk or reduce herds. Canada has retaliated with its own tariffs, while economists warn of near-term pain and higher prices as exporters seek new markets, underscoring dairy’s vulnerability in a tariff war and the challenges of reconfiguring perishable supply chains quickly.
Canada’s retaliation over U.S. tariffs and the broader Canada–U.S. trade fight have limited impact on voters at the Texas Republican midterm gathering, where many supporters view tariffs as a necessary stand against unfair trade and back Trump. Local manufacturers report higher costs, but Ottawa’s moves are not translating into electoral pressure, and while the dispute shapes political rhetoric, it’s unlikely to derail Trump’s support or alter the midterm map.
Amid US tariff tensions, Canada is considering a closer partnership with the EU via an “associate membership” concept. Prime Minister Mark Carney welcomed Ursula von der Leyen’s proposal and outlined goals on critical minerals, defence, AI, energy, and digital trade, while polls show strong Canadian support for deeper EU integration without full membership. The exact framework remains unclear and will be debated at upcoming talks, as Trump warns of possible tariffs in response to closer EU ties.
President Trump warned of “very heavy tariffs” on Europe if Canada becomes an EU associate member, a concept EU chief Ursula von der Leyen floated to deepen EU–Canada ties. Canada downplayed the idea, saying there’s no such status in EU law and that Ottawa is focused on results while seeking to diversify away from the U.S. as a trade dispute persists.
Global investors at the Canada Investment Summit in Toronto see the U.S.–Canada tariff clash as a catalyst for capital, drawn by new investment write-offs and a pipeline of projects across energy, resources, AI and infrastructure, as Carney aims to attract CA$1 trillion in new investments over five years; optimism from major firms coexists with warnings that promises must be delivered amid political and market scrutiny.
Canadian official Mark Carney says Canada can weather the US tariff clash and emerge more resilient, noting roughly 80% of trade with the U.S. remains tariff-free and urging that nostalgia isn’t a strategy; with tariffs on about $20 billion in Canadian goods prompting retaliation and new restrictions, Ottawa says it’s prepared to strike a deal when the time is right and to push for a mutually beneficial outcome.