Rubio's meeting with Yi comes amid escalating friction globally over President Trump’s tariffs offensive, with China warning the US against reinstating hefty levies on its goods next month.
Threatened by US sanctions and restrictive trade policies, Japan sought to secure its access to resources in the Indo-Pacific. This led to its attack on Pearl Harbor in December 1941.
China will soon host the 25th meeting of the SCO Heads of State Council, an opportunity it will use to forge business alliances to counter Trump’s tariffs.
China has put Illumina on its ‘unreliable entity list’ after the US imposed sanctions on Beijing Genomics Institute, also a global giant making genome sequencing equipment.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
US president Joe Biden & his Chinese counterpart Xi Jinping held ‘most constructive discussions’ at summit amid backdrop of trade war & ties between the 2 nations reaching nadir in decades.
China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.
In latest move, China put export curbs on 2 chipmaking minerals. Experts say long-term impact of such tactics will be less on markets and more on geopolitics of global supply chains.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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