TRADE WAR
'I'm in no rush': Trump leaves US-Canada trade talks in limbo
US President Donald Trump has said that he is not rushing to resume trade negotiations with Canada. He insisted that any future agreement requires Canada to approach these talks with honesty. Following the breakdown of negotiations in August, significant tariffs have been imposed by both countries. The dispute currently affects the United States-Mexico-Canada Agreement concerning North American trade.
EU, China to hold Beijing talks this week to avert trade war
EU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concerns about unfair competition from Chinese industries, a potential trade war looms. The EU aims to reduce its significant trade deficit with China, which reached around 360 billion euros last year. Sefcovic seeks action on export surges from China and plans to enhance EU's trade defense measures.
Social security check USD 5,000: When will U.S. citizens receive Trump Dividend?
White House published details outlining Donald Trump's plan on its official website, noting that the majority of qualifying seniors will obtain the distribution via direct deposits valued at USD 90 early in October.
US adds disappointing 29,000 jobs and unemployment ticks up to 4.2% in September
The U.S. job market saw a sharp decline, with only 29,000 new positions added last month, pushing the unemployment rate up slightly to 4.2%. Economists had expected better results, predicting the creation of roughly 90,000 jobs. Consumer confidence has taken a hit as many Americans voice their worries about the economy and job prospects, a sentiment likely to impact the forthcoming elections amid widespread discontent over economic policies.
G20 trade ministers deadlock on excess capacity, forced labour as US seeks tougher rules
G20 trade ministers met in Milwaukee but failed to reach an agreement on overproduction of goods. The Trump administration accused various countries, especially China, of flooding markets, affecting competition. Tensions between the US and Canada escalated after new tariffs were imposed, raising concerns about trade relations. Discussions on forced labor also did not lead to a consensus among the participating countries.
The new oil pipe: Canada wants to break free from the US grip and send more crude to Asia
Canada Prime Minister Mark Carney has fast-tracked the proposed 1-million-barrel-a-day Pacific Link oil pipeline, aiming to reduce Alberta’s dependence on US markets and open access to growing Asian buyers. The $25 billion-$31 billion project could reshape Canadian crude flows, strengthen Pacific exports and support Carney’s push to make Canada an energy superpower while easing tensions with Alberta.
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Donald Trump approval ratings fall to alarming level ahead of November 2026 US midterm elections: Only 17 per cent of American adults now approve Republican President
Donald Trump approval ratings: Only 17 per cent of U.S. adults approve of the Republican president's handling of the cost of living. Just 26 per cent approve of his handling of the economy overall, marking a new low.
Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows
A recent survey reveals that a rising number of Americans are unhappy with how Trump is managing the economy and increasing prices. Citizens attribute the high cost of living to his policies, creating worries about affording essential items. Approval ratings for Trump's economic strategies have plummeted, leading to disappointment even among Republicans.
Greer urges G20 to back Trump tariff agenda, takes aim at China
US Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tackle industrial overcapacity and reassess the existing tariff system. Greer highlighted concerns regarding China's industrial policies contributing to excess capacity in global markets. Discussions among G20 members included potential tariffs on steel from countries with overproduction issues.
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
The United States of America has banned nearly $1 billion worth of Canadian imports, which includes alcoholic beverages, dairy products and motorcycles. The move comes as a rebuttal against Canada's retaliatory tarriffs against previous American tarriffs on Canadian goods. Candian Prime Minister Mark Carney is rapidly pushing for new trade partnerships.
US and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meeting
The United States and China have released lists of products for tariff reductions to boost bilateral trade. The agreement includes around 1,619 U.S. goods and 77 categories of Chinese products. These changes may enhance market access for U.S. businesses and lower consumer prices in the U.S. Economic experts suggest the impact may be limited given the overall trade volumes. Analysts predict continued recovery in U.S.
As Trump hosts China's Xi, nation's rise is the buzzword in land of Dragon
President Xi Jinping's trip to the United States was met with widespread enthusiasm from Chinese state media. The warm welcome he received at the airport and various dignified events underscored China's rising influence globally. Citizens expressed optimism about trade discussions and security cooperation.
'Let's race, not wrestle': 5 key takeaways that defined Trump-Xi meet in Washington
Trump and Xi Jinping met at the White House for talks focused on trade, AI and the broader US-China strategic rivalry. Xi called for cooperation and “healthy” competition, while urging both sides to avoid conflict and keep AI under human control.
In China, the Xi-Trump summit is seen as projecting image of the country's rise
U.S. President Donald Trump held a high-profile meeting with Chinese President Xi Jinping and his wife, Peng Liyuan, in Washington. Chinese state media highlighted this encounter, reflecting a surge in national pride among citizens regarding China's global standing. The summit emphasized a commitment to collaboration on trade and security areas, resulting in a generally favorable shift in public sentiment towards the dynamics of U.S.-China relations.
Canada has prepared for the unthinkable: A military attack by the US
Canadian Prime Minister Mark Carney recently suggested that the possibility of a US military attack is minimal. He emphasized responsibility in assessing extreme and improbable risks while preparing for them. Carney's remarks indicate a growing mistrust in the US and a shift in Canadian defense strategy. Canada seeks to diversify its dependencies and strengthen ties with Europe amidst increasing pressures.
'Busan Agreement' explained: What the US-China trade truce means for world trade
US Treasury Secretary Scott Bessent announced the extension of the Busan Agreement until January 10, 2027. This extension allows both sides more time to negotiate without facing immediate tariff threats. The Busan Agreement was initially established to ease trade tensions between the US and China last year. Key areas of focus include agriculture and non-tariff barriers that require further discussion.
Xi to visit Washington without Chinese CEO delegation: Report
China's President Xi Jinping is set to visit Washington, but without the expected delegation of business leaders. The absence is attributed to the White House's other priorities and concerns over military links. Chinese representatives had been finalized to join Xi's trip, but changes occurred in the plans. A state dinner hosted by President Trump will take place that includes various industry executives.
View: The US is badly losing its trade war with China
Xi Jinping's upcoming visit marks the first Chinese state visit to the United States since 2015. US-China trade policies initiated in 2018 have not achieved their intended goals, despite some superficial successes. China's trade position has strengthened, and it continues to be a leading manufacturer and exporter. US tariffs and export controls have led to unintended consequences that impact American companies and consumers.
On the table or on the menu? A new power play begins at the UN
Partners for Multilateralism, or P4M, unites diverse nations to reform global institutions. This new grouping reflects a changing global mood and a desire for greater maneuverability. Countries seek more influence in a multipolar and contested international system. P4M offers an open framework for issue-based coalitions across different political traditions. It signifies a new mood where middle powers think beyond established alliances.
Textile stocks rally up to 10%: Raymond, Gokaldas Exports, other stocks rebound after Trump tariff-triggered selloff
Textile stocks rebounded on Tuesday, recovering most of the previous session’s losses after US President Donald Trump signed a Russia sanctions bill into law. Raymond led the gains with a 10% rally, while Pearl Global Industries, Gokaldas Exports, Arvind and Vardhman Textiles also advanced.
Key issues for this week's Trump-Xi summit in Washington
President Trump welcomes Chinese leader Xi Jinping for crucial talks this week. They seek stability in a relationship strained by trade and global issues. Key discussions will focus on trade tariffs and potential agricultural deals. Taiwan's status and China's role in Iran's economy are also on the agenda. Artificial intelligence cooperation and competition will be another significant topic.
Trump used to slam China. Here's why he is now rolling out the red carpet for Xi
US President Trump now praises Chinese President Xi Jinping, a major shift from his past rhetoric. His administration's tariffs on China have not curbed its manufacturing sector. Western leaders are visiting Beijing to stabilize relations with Xi. Trump prioritizes personal relationships over policy deliverables with China. This approach may hinder America's competition with China.
A Xi-Trump summit deal can throw US carmakers under the China bus
US automakers, suppliers and dealers are lobbying the Trump administration to keep Chinese carmakers out of the American market ahead of President Donald Trump’s meeting with Chinese President Xi Jinping. The push follows Trump’s comments that he would allow Chinese companies to build vehicles in the US if they employed American workers, raising concerns that Washington could offer market access as part of a broader trade deal. Industry groups representing major automakers have urged the administration to bar Chinese firms from selling, importing or manufacturing vehicles in the US, citing economic and national security risks.
Denmark emerges smiling from Trump-Greenland deal, experts say
Danish commentators on Saturday cast a deal announced by US President Donald Trump to give Washington control over Greenland's security as a diplomatic win for Copenhagen. Trump on Friday said the US, Denmark and Greenland had struck a deal giving Washington permanent control over Greenland's security and barring Russia and China from setting up bases in the Arctic territory.
EU opens door to ‘associate membership’ for Canada, but the concept does not yet exist
European Commission President Ursula von der Leyen proposed associate membership for Canada. This offer aims to forge a new partnership between the EU and Canada. While the concept is undefined, it signals a shift in international alliances. Canada welcomed the idea, focusing on concrete substance and mutual benefits. This development has drawn attention and potential trade responses from the United States.
Trump’s Canada trade war puts Republican Senate candidates in Michigan, Maine in a bind
Republican candidates face challenges balancing President Trump's trade policies and voter concerns. Michigan and Maine economies are closely tied to Canadian trade, raising stakes for Senate races. Senator Susan Collins criticizes tariffs, while candidate Mike Rogers supports the president's approach. Canada's retaliatory tariffs aim to exert political pressure on the United States. Voters largely blame Washington for the ongoing trade dispute and higher costs.
US-Canada trade war heats up: Trump signs memo to exclude Canadian products from federal procurement
US President Donald Trump has directed his administration to identify and remove Canadian-origin goods from the US federal civil procurement system, escalating a broader trade dispute with Ottawa. The White House said Canada had disadvantaged US companies in government procurement, while the latest move adds purchasing restrictions to existing tariffs and market-access disputes.
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