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Regtechtimes on MSNGlobal trade realignment: US tariffs drive India-China-Russia $54 trillion partnership
The global economy is witnessing a major shift as three of the world’s biggest nations, India, China, and Russia, move closer together. What began as trade disputes and tariffs has now turned into a possible turning point for global commerce.
China and the US have agreed to extend for another 90 days the suspension of certain reciprocal tariffs on each other's goods, after the latest round of trade talks in Stockholm, Sweden. The move by the world's two largest economies holds profound implications not only for their bilateral relationship but also for global economic stability,
From India recalibrating its foreign policy as ties with the US nosedived and Indian exporters weighing Russia as a viable market, to the UN chief calling famine in Gaza a “failure of humanity” and Iran and European countries agreeing to resume nuclear talks,
India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.
China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets.
Top officials from the world's two largest economies are meeting in Stockholm, Sweden this week to avert a damaging trade war.
When South Korean President Lee Jae Myung meets U.S. President Donald Trump next week for their first summit, he will be asked to pay more for the upkeep of American troops on the peninsula during talks set to be dominated by security issues and China.
China's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo.
Bessent went on to add in a further interview with CNBC he expects tariff revenues under President Trump to exceed his earlier $300 billion estimate, with the money going to pay d