As U.S.-China tensions escalate following Washington’s tariff hike on Chinese imports, Beijing has urged India to strengthen ties and resist Western dominance. Chinese Foreign Minister Wang Yi, addressing the National People's Congress, called for cooperation between the two Asian giants, emphasizing that "making the dragon and elephant dance is the only right choice."

Wang’s remarks come amid renewed border diplomacy between India and China, including military disengagement in Ladakh’s Depsang and Demchok. Indian Foreign Minister S. Jaishankar acknowledged progress, noting efforts to restore predictability in relations through direct flights, journalist exchanges, and pilgrimages.

However, trade tensions are mounting globally. President Donald Trump’s decision to double tariffs on Chinese goods to 20%—ostensibly over Beijing’s failure to curb fentanyl exports—has triggered a sharp response. China retaliated with up to 15% tariffs on key American agricultural imports, while also filing a complaint with the World Trade Organization.

"If war is what the U.S. wants... be it tariff, trade, or any other type, we're ready to fight till the end," declared the Chinese embassy in Washington.

Trump’s aggressive tariff policies extend beyond China. India, long labeled a “high tariff nation” by Trump, faces new levies, including a 25% charge on steel and aluminum imports. Announced just before Trump’s meeting with Prime Minister Narendra Modi, these tariffs rattled Indian markets, sending the Sensex plummeting by over 1,000 points.

Trump has also imposed tariffs on Canada and Mexico, drawing criticism from Canadian Prime Minister Justin Trudeau, who accused him of “targeting allies while appeasing Russia.”

Although Trump claims his tariffs will boost American manufacturing, history suggests otherwise. After his 2018 steel and aluminum tariffs, the U.S. saw manufacturing job losses and an industrial slowdown in 2019. As tensions rise, global markets brace for further disruptions.

As U.S.-China tensions escalate following Washington’s tariff hike on Chinese imports, Beijing has urged India to strengthen ties and resist Western dominance. Chinese Foreign Minister Wang Yi, addressing the National People's Congress, called for cooperation between the two Asian giants, emphasizing that "making the dragon and elephant dance is the only right choice."

Wang’s remarks come amid renewed border diplomacy between India and China, including military disengagement in Ladakh’s Depsang and Demchok. Indian Foreign Minister S. Jaishankar acknowledged progress, noting efforts to restore predictability in relations through direct flights, journalist exchanges, and pilgrimages.

However, trade tensions are mounting globally. President Donald Trump’s decision to double tariffs on Chinese goods to 20%—ostensibly over Beijing’s failure to curb fentanyl exports—has triggered a sharp response. China retaliated with up to 15% tariffs on key American agricultural imports, while also filing a complaint with the World Trade Organization.

"If war is what the U.S. wants... be it tariff, trade, or any other type, we're ready to fight till the end," declared the Chinese embassy in Washington.

Trump’s aggressive tariff policies extend beyond China. India, long labeled a “high tariff nation” by Trump, faces new levies, including a 25% charge on steel and aluminum imports. Announced just before Trump’s meeting with Prime Minister Narendra Modi, these tariffs rattled Indian markets, sending the Sensex plummeting by over 1,000 points.

Trump has also imposed tariffs on Canada and Mexico, drawing criticism from Canadian Prime Minister Justin Trudeau, who accused him of “targeting allies while appeasing Russia.”

Although Trump claims his tariffs will boost American manufacturing, history suggests otherwise. After his 2018 steel and aluminum tariffs, the U.S. saw manufacturing job losses and an industrial slowdown in 2019. As tensions rise, global markets brace for further disruptions.