China has received relief from the Trump-era tariffs, a move that could significantly impact global trade and economic relations. Market expert Ajay Bagga believes that reduced tariffs on Chinese goods will lower costs for US companies,

Xi Jinping said China would “work with Brazil to set an example of unity and self-reliance among major countries in the Global South”.

With threats of tariffs up to 50 percent, President Trump seems to be scrapping America’s plan to turn India into a counterweight to China, declaring instead that it is a “dead economy.”