Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

U.S. allies are sitting out Donald Trump's trade war with China

Mint Kolkata

|

April 15, 2025

Imposition of new tariffs on nearly every country adds to concerns in Europe and Asia about relying on America

- Yaroslav Trofimov

America needs its allies and partners for what is shaping up as a protracted contest for geopolitical primacy now that President Trump has unleashed a trade war against China. They are in no rush to take sides.

Some 70 countries currently negotiating tariff relief with the U.S. should "approach China as a group" together with Washington, Treasury Secretary Scott Bessent said last week. Other U.S. officials suggested joint efforts to starve China of modern technologies and trade opportunities.

The problem is, many European and Asian partners aren't sure to what extent they are still allied with Washington. Trump's initial "Liberation Day" order, after all, slapped them with sky-high tariffs that made no distinction between long-term adversaries and faithful allies.

The shock from this attack, partially reversed only as a result of a U.S. market rout, with additional exceptions quietly adopted on Friday, has added to months of concerns about how much Trump's America can be relied upon in an increasingly brutal world. That is especially so now that Trump has linked trade concessions to security cooperation.

Trump had outraged European leaders even before the new tariffs, with his embrace of Russia and arm-twisting of Ukraine, his claims on Greenland and Canada, and his description of the European Union as an organization designed to "screw us." Even after the partial suspension, these tariffs on the EU amount to $59 billion a year, said French President Emmanuel Macron. That is just below the $66.5 billion in U.S. military assistance to Ukraine over more than three years of war.

"Friends and allies and foes are being treated the same, with no respect, and everything has become a zero-sum game," said Jeppe Kofod, a former foreign minister of Denmark, which is refusing Trump's demands to surrender Greenland. "It's crazy time."

PLUS D'HISTOIRES DE Mint Kolkata

Mint Kolkata

Mint Kolkata

Battery storage to jump 6x by 2047

(MNRE).

time to read

2 mins

November 27, 2025

Mint Kolkata

India’s labour reforms promote inclusion as well as productivity

The codes are designed to work in the interests of our workforce while supporting economic growth

time to read

3 mins

November 27, 2025

Mint Kolkata

ICIL sells Bharti Airtel's stake

Telecom czar Sunil Bharti Mittal’s family office-owned ICIL on Wednesday raised ₹7,195 crore by selling a 0.

time to read

1 min

November 27, 2025

Mint Kolkata

McKinsey trims about 200 tech jobs

The consulting firm joins rivals in using artificial intelligence to automate some positions.

time to read

1 min

November 27, 2025

Mint Kolkata

Mint Kolkata

Uber India valuation surges amid battle with Ola, Rapido

November funding values shares 41% higher than the previous round in May 2023

time to read

2 mins

November 27, 2025

Mint Kolkata

EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

1 min

November 27, 2025

Mint Kolkata

Climate crisis: Innovation works, compression doesn't

After weeks of hot air, the UN’s CoP summit limped to an end in Brazil's Amazonian hub of Belém over the weekend, with a ‘deal’ that delivers nothing measurable for the climate, while wasting political capital and much effort on pledges.

time to read

3 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

2 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

Cabinet approves ₹7,280 cr rare earth magnets scheme

The scheme has been drawn up along the lines of India’s semiconductor mission

time to read

2 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

PORTFOLIO MANAGEMENT AND ASSET ALLOCATION LESSONS FROM THE MAHABHARAT

Thenote can move freely across need and time.

time to read

2 mins

November 27, 2025

Listen

Translate

Share

-
+

Change font size