Crisis
Donald Trump used to believe that trade wars were easy to win, despite warnings from his own American economists and analysts that it will result in higher prices, lower growth, lost jobs and disrupted supply chains. Worse, trade war could spark inflation and recession. But Trump believes he has the formula to prevent an economic […]
... written on Jun 05 2025With nearly a trillion dollars worth of trade last year, U.S. companies exported more than twice to the EU what they sent to China. In 2024, the U.S. imported about US$606 billion in goods from the European Union and exported around US$370 billion. In comparison, U.S. goods imports from China totaled US$438.9 billion, while exports to […]
... written on May 26 2025On May 7, 2025, India launched “Operation Sindoor” in retaliation for a terrorist attack in Indian-administered Kashmir on April 22 that killed 26 people, mostly tourists. Sindoor – vermilion red powder – is a traditional marker applied on the foreheads of married Hindu women. The code-name was a deliberate invocation of not only grief but also memory […]
... written on May 16 2025After just two days of talks (it was not even a negotiation), an agreement – despite a 90-day validity – has been reached between the United States and China in Switzerland. The best part is President Donald Trump is still waiting for a call from President Xi Jinping. That alone speaks volumes who actually has […]
... written on May 13 2025China and Canada might have their own mini trade war going on, where Beijing slapped a 100% tariff on Canadian canola oil, oil cakes and pea imports, and a 25% duty on aquatic products and pork effective March 20, 2025. It was in retaliation for Canadian 100% tariffs on Chinese electric vehicles (EVs) and 25% […]
... written on May 06 2025Xi Jinping’s refusal to call Donald Trump despite the White House’s begging was not the only thing that shocked the U.S. president. Other world leaders, like Malaysia Prime Minister Anwar Ibrahim, who is still lobbying for his first phone call after the POTUS had calls with almost all leaders in the Southeast Asia except him, […]
... written on May 01 2025Having manufactured a tariff crisis which has backfired in his face, Donald Trump is now scrambling to manufacture a solution – without much success. Even if the U.S. president had deliberately designed the crisis with the purpose of making money through insider trading, he does not appear to have an exit strategy in the event […]
... written on Apr 26 2025Last week, White House press secretary Karoline Leavitt said – “The ball is in China’s court: China needs to make a deal with us, we don’t have to make a deal with them”. But the fact that Donald Trump sent her to make the statement instead of crowing it himself shows that the president was […]
... written on Apr 24 2025Less than 24 hours after Beijing slapped a 125% tariff on all types of American goods going into China in retaliation, President Trump has started showing weakness when he scrambles to undo some of his self-inflicted damage. The U.S. – in yet another embarrassing U-turn – has now exempted smartphones and computers from reciprocal tariffs, […]
... written on Apr 13 2025In all three rounds of tax hikes – from 34% to 84%, and then to 125% – since Donald Trump started his tariff war on China last Wednesday (April 2), the U.S. president actually thought he could win easily. After all, Beijing was weak during Trump’s first term eight years ago, unwilling to go full […]
... written on Apr 11 2025
