試す 金 - 無料
U.S. allies are sitting out Donald Trump's trade war with China
Mint New Delhi
|April 15, 2025
Imposition of new tariffs on nearly every country adds to concerns in Europe and Asia about relying on America
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."
このストーリーは、Mint New Delhi の April 15, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Mint New Delhi からのその他のストーリー
Mint New Delhi
Sebi now trains sights on commodity derivatives
Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).
2 mins
November 28, 2025
Mint New Delhi
Refiners, SCI tap Korean giants for local shipyard
Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions
4 mins
November 28, 2025
Mint New Delhi
360 One, Steadview, others to invest in Wakefit ahead of IPO
A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.
3 mins
November 28, 2025
Mint New Delhi
Would you like to be interviewed by an AI bot instead?
I don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.
3 mins
November 28, 2025
Mint New Delhi
India, UAE review trade agreement to ease market access
Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.
1 mins
November 28, 2025
Mint New Delhi
It's a multi-horse Street race now as Smids muscle in
For years, India’s stock market ran on the shoulders of a few giants. Not anymore.
3 mins
November 28, 2025
Mint New Delhi
The curious case of LIC's voting on RIL, Adani resolutions
Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.
8 mins
November 28, 2025
Mint New Delhi
Investors expect AI use to soar. That's not happening
On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.
4 mins
November 28, 2025
Mint New Delhi
CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD
Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots
8 mins
November 28, 2025
Mint New Delhi
Gupta pilfered from fraud, Trafigura says
Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.
1 min
November 28, 2025
Listen
Translate
Change font size

