international trade tensions
Former Australian PM Tony Abbott Criticizes Trump's 50% Tariffs on Indian Exports at NDTV World Summit
Oct 17, 2025 06:40 pm CST
At the NDTV World Summit 2025, former Australian Prime Minister Tony Abbott criticized US President Donald Trump for imposing 50% tariffs on Indian exports while sparing other nations like China from similar treatment. Abbott emphasized America's strategic interests lie with democratic India rather than Pakistan, calling the tariffs a temporary setback in US-India relations that should be quickly remedied.
Trump Claims US Tariffs Forced Nations to Abandon BRICS Alliance in Defense of Dollar Dominance
Oct 15, 2025 01:00 pm CST
US President Donald Trump has defended his aggressive tariff policy against BRICS members, claiming nations are withdrawing from the bloc after he threatened penalties for challenging the US dollar. During a White House meeting with Argentina's Prime Minister, Trump described BRICS as "an attack on the dollar" while asserting his tariff strategy has effectively weakened the alliance of emerging economies seeking alternative trade mechanisms.
China Imposes Retaliatory Port Fees on US Ships Amid Escalating Maritime Trade Tensions
Oct 10, 2025 07:44 pm CST
China has implemented new "special port fees" on American ships in direct retaliation to similar US measures, charging 400 yuan ($56) per net tonne starting October 14. This maritime trade dispute highlights growing tensions between the world's largest economies, with China—currently producing nearly half of all newly launched vessels globally—defending the move as protection for its shipping industry against US protectionism.