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- Trump's tariff threat risks a trade war with Europe years in the making
Trump's tariff threat risks a trade war with Europe years in the making
Global Trade and Geopolitical Shifts: BRICS Expansion, U.S. Tariffs, and Emerging Economic Corridors
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Trump's tariff threat risks a trade war with Europe years in the making
5 minutes by Freddie Clayton
President Donald Trump’s threat to impose a 50% tariff on EU goods has heightened U.S.-EU tensions, risking a trade war. The EU, facing potential economic disruption, is preparing over $100 billion in retaliatory tariffs. Trump delayed the tariff deadline from June 1 to July 9 after discussions with European Commission President Ursula von der Leyen. This move follows ongoing disputes over trade deficits and security issues, like Ukraine funding. Both sides brace for negotiations amid fears of global market volatility and higher consumer prices.
What future awaits the expanded BRICS?
3 minutes by DJOOMART OTORBAEV
The future of the expanded BRICS Plus bloc holds significant potential to reshape global geopolitics and economics, driven by its growing membership and influence. Representing 45% of the world’s population and over 35% of global GDP, BRICS Plus is institutionalizing collaboration through initiatives like the New Development Bank and Contingent Reserve Arrangement, focusing on economics, security, and cultural exchanges.
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Energy cold war? Energy sanctions, BRICS resistance — a fracture in the global power grid
5 minutes by Pratyusha Chatterjee
Western sanctions targeting Russia's energy sector, especially after the 2022 Ukraine invasion, have disrupted global energy markets, pushing Russia to strengthen ties with BRICS nations like China and India. These sanctions, aimed at curbing Russia's oil and gas revenue, have led to higher global energy prices and supply chain issues, impacting both Western and developing economies. BRICS countries are countering by boosting local currency trade and developing alternative energy routes, such as pipelines to Asia, to bypass Western restrictions.
Route through Israel proposed as rival to China’s Belt and Road
2 minutes by JNS Staff
A proposed trade route, the India-Middle East-Europe Economic Corridor (IMEC), aims to connect India to Europe via the UAE, Saudi Arabia, Jordan, and Israel, using sea, rail, and road networks. Discussed at a May 2025 Budapest conference, IMEC is seen as a strategic counter to China’s Belt and Road Initiative, promoting faster trade with an estimated 10-11 day journey from Mumbai to Piraeus.
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Another headache for Elon Musk: Xiaomi launches YU7 that will directly compete with Tesla's Model Y in China
2 minutes by The Economic Times
Xiaomi, a Chinese tech giant, has launched the YU7 electric SUV to directly challenge Tesla’s Model Y in China, the world’s largest auto market, intensifying competition for Elon Musk’s company. Unveiled on May 22, 2025, in Beijing, the YU7 boasts a larger battery, longer range of up to 518 miles, and advanced features like an 800V powertrain, outpacing the Model Y in key specs.
Pakistan recommits to China bond amid Trump shadow over India ceasefire
7 minutes by Abid Hussain
Pakistan is deepening its alliance with China following a brief but intense four-day conflict with India, sparked by an April 22, 2025, attack in Indian-administered Kashmir that killed 26 people. The ceasefire, announced by U.S. President Donald Trump on May 10, has been welcomed by Pakistan but met with skepticism in India, which denies U.S. mediation and faces domestic criticism.
Indonesian president and Chinese premier meet to discuss expanding trade during US trade war
4 minutes by Inquirer
Chinese Premier Li Qiang met with Indonesian President Prabowo Subianto in Jakarta on May 25, 2025, to explore ways to boost trade and investment amid the U.S.-led global trade war and challenges to economic globalization. The visit, Li’s first overseas trip of the year, included 60 prominent Chinese business leaders and aimed to strengthen economic ties, with two-way trade already exceeding $147.8 billion in 2024.
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