- The Modern Warfare
- Posts
- Does Donald Trump Know He Has Lost His Trade War?
Does Donald Trump Know He Has Lost His Trade War?
Global Trade Shifts: Tariffs, Tensions, and Emerging Rivalries
In partnership with
Does Donald Trump Know He Has Lost His Trade War?
6 minutes by Ben Walsh
Donald Trump’s trade war with China has led to significant economic losses for the U.S., with the economy shrinking 0.3% in Q1 2025. Despite pausing punitive tariffs, which dropped from 145% to 30% on Chinese goods, trade disruptions caused a 60% decline in container bookings, risking shortages and price hikes. Economist Paul Krugman warns the ongoing 30% tariff could reduce trade with China by 65%, comparing its impact to the Smoot-Hawley tariffs.
US importers urging Hong Kong manufacturers ‘to bypass levies’ amid trade war
3 minutes by Denise Tang & Lam Ka-sing
US importers are pressing Hong Kong manufacturers to find ways to evade tariffs during a 90-day pause in the US-China trade war, effective from May 14, 2025. Despite the temporary relief from reduced tariffs (US tariffs on Chinese goods dropped from 145% to 30%, China’s from 125% to 10%), manufacturers face unlawful demands to bypass levies. To mitigate risks, they’re diversifying production bases amid ongoing geopolitical tension
Silent war just started in China — Musk invited to witness how they prepare
4 minutes by Warren S.
China invited Elon Musk to observe their EV production amid a silent trade war with the US, sparked by Musk retweeting a video questioning a Chinese EV’s aerodynamics. With US tariffs on Chinese goods at 30% and China’s at 10% after a 90-day pause, the invitation challenges Musk’s critique as Tesla struggles with market share and bad publicity.
No Brics asset pile big enough to rival dollar, Brazil central bank director says
2 minutes by Reuters
Brazil’s central bank director, Nilton David, stated that the BRICS group (Brazil, Russia, India, China, South Africa, plus recent members) lacks the asset base to challenge the US dollar’s dominance in global markets within the next decade. Speaking on a central bank webcast, he noted that while alternative payment systems might boost bilateral trade, they won’t displace the dollar soon.
Not conservative. Not liberal. Just Christian.
The world feels chaotic––but your news source doesn’t have to.
You can hide under a rock or spiral into the chaos… or you can subscribe to The Pour Over and get the news you need to know and the peace you crave.
Every Monday, Wednesday, and Friday, The Pour Over sends quick news summaries that are actually fun to read. Plus, each newsletter includes short biblical reminders to help you stay focused on Christ and eternity. Instead of fueling outrage or anxiety, the news becomes another prompt to rest in God and respond in faith.
Over 1 million readers have ditched the doomscroll and found a better way to stay informed––Christ-first, anger-free, and (kinda) funny.
Try it for free and check out their welcome email that’ll make you glad you did!
Colombia joins China’s Belt and Road Initiative amid tensions with Trump
4 minutes by Alfie Pannell
Colombian President Gustavo Petro has formalized Colombia’s entry into China’s Belt and Road Initiative, signing a memorandum to boost cooperation in infrastructure and trade. This move, aligning with over 140 countries, signals Beijing’s growing influence in Latin America, challenging U.S. dominance, especially amid tensions with the Trump administration.
BRICS Rift Grows as India Refuses Dedollarization
4 minutes by Luc Jose A.
India’s rejection of BRICS’ de-dollarization efforts, led by Russia and China, highlights a growing rift within the alliance. New Delhi prioritizes economic stability, maintaining strong US dollar reserves and ties with Washington, contrasting with other BRICS members’ push for alternative currencies like the yuan or a common BRICS currency.
Learn how to make AI work for you
AI won’t take your job, but a person using AI might. That’s why 1,000,000+ professionals read The Rundown AI – the free newsletter that keeps you updated on the latest AI news and teaches you how to use it in just 5 minutes a day.
Apple boosts India's factory hopes - but a US-China deal could derail plans
3 minutes by Nikhil Inamdar
India’s ambition to become a global manufacturing hub, boosted by Apple’s shift of iPhone production from China, faces risks after a US-China trade “reset” lowered tariffs on Chinese goods from 145% to 30%. This could stall investment in India, where tariffs are 27%. Despite India’s export surge and trade talks with the US, reliance on Chinese components, a tough business climate, and competition from Vietnam limit progress. Experts urge reforms to cut costs and build local supply chains to sustain India’s factory dreams.
The key to a $1.3T opportunity
A new real estate trend called co-ownership is revolutionizing a $1.3T market. Leading it? Pacaso. Led by former Zillow execs, they already have $110M+ in gross profits with 41% growth last year. They even reserved the Nasdaq ticker PCSO. But the real opportunity’s now. Until 5/29, you can invest for just $2.80/share.
This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.