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Trump returns from Beijing with trade tariffs toned down, but U S China strategic stalemate remains unchanged

Trump returns from Beijing with trade tariffs toned down, but U S China strategic stalemate remains unchanged

President Donald Trump’s Beijing visit delivered only modest summit deliverables, but it did reset the U.S.-China relationship into a familiar economic and strategic standoff. After last year’s trade war escalated with “Liberation Day” tariffs, the two leaders’ two-day talks with Xi Jinping signaled a return to “constructive strategic stability.” Key issues—U.S. concerns over trade practices and Indo-Pacific military buildup—went largely unaddressed, leaving China a fragile truce and the U.S. limited gains.

Summarised by Beize from a story on The Economic Times on 16 May 2026
India and UK race to fix steel safeguard clash before CETA starts

India and UK race to fix steel safeguard clash before CETA starts

India and the UK are close to operationalising their trade pact, but a new British steel safeguard measure has delayed the Entry into Force of CETA. Commerce Secretary Rajesh Agrawal said the two sides are working on a “unique and creative solution” to handle the steel hurdle. The UK will cap tariff-free steel from July 1, 2026, cutting quota volumes by 60% and charging 50% tariffs above limits. India targets doubling bilateral trade to USD 112 billion by 2030.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

India’s seafood sector is turning tariff shock into momentum. After the US slapped a cumulative 50% tariff on Indian seafood last year—citing trade imbalance, anti-dumping claims, and links to energy purchases from Russia—exports were disrupted and some processing units had to pause. Instead of breaking, the sector diversified markets, boosted domestic demand measures, and restored access to high-value buyers. By FY26, India logged record exports, and the government is now considering a production-linked incentive scheme for deeper value-added growth.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Trump Claims China Agreed to Buy US Oil and Soybeans After Tariff Tensions

Trump Claims China Agreed to Buy US Oil and Soybeans After Tariff Tensions

US President Donald Trump said after meeting Xi Jinping in Beijing that China wants to buy US oil and soybeans again, marking a possible reversal from the tariff-driven slowdown. Trump noted China had purchased only small amounts of US oil before the tariffs and that soybean imports had shifted toward Brazil. He also pressed for broader access for Visa to China’s credit card market during the talks, adding a financial-services angle to the claimed trade thaw.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Honda indefinitely suspends Canada EV plant plans as tariffs squeeze the auto industry again

Honda indefinitely suspends Canada EV plant plans as tariffs squeeze the auto industry again

Honda says it has indefinitely suspended plans for a multi-billion-dollar EV plant in Canada, dealing another blow to a tariff-hit auto sector. With Canada deeply integrated into North America’s car supply chain, Trump-era tariffs are hitting the industry especially hard, raising pressure on automakers’ investment timelines and future production plans.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Sitharaman hails India EU Summit momentum as FTA and security pacts move toward signing

Sitharaman hails India EU Summit momentum as FTA and security pacts move toward signing

Finance Minister Nirmala Sitharaman says the 16th India-EU Summit in New Delhi in January delivered decisive momentum to the strategic partnership, taking ties to a higher level. She pointed to the successful conclusion of negotiations for the India-EU free trade agreement, alongside the signing of a Security and Defence Partnership and adoption of a mobility cooperation framework. The EU ambassador urged an investment liberalisation chapter and a separate investment protection pact, as legal review of the roughly 1,000-page FTA is set to end in July.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Honda posts first annual loss in 70 years after $9 billion EV hit and tariff shock

Honda posts first annual loss in 70 years after $9 billion EV hit and tariff shock

Honda Motor reported its first annual loss in nearly 70 years, sliding to 414.3 billion yen. The company blamed U.S. tariffs and steep restructuring costs tied to its electric vehicle push, with EV-related losses topping $9 billion. Honda said more expenses may follow but expects to swing back to profitability within the current fiscal year.

Summarised by Beize from a story on The Economic Times on 14 May 2026
US and China move toward managed trade deal cutting tariffs on 30 billion non sensitive goods

US and China move toward managed trade deal cutting tariffs on 30 billion non sensitive goods

The US and China are preparing a managed trade framework focused on non sensitive goods, potentially reducing tariffs on about 30 billion dollars worth of products. The approach is designed to expand commerce while protecting national security concerns. US business leaders are joining President Donald Trump in Beijing for the key summit where the plan is expected to advance.

Summarised by Beize from a story on The Economic Times on 13 May 2026
India hikes gold and silver tariffs to 15 percent but demand likely stays stubborn

India hikes gold and silver tariffs to 15 percent but demand likely stays stubborn

India has raised import duties on gold and silver to 15 percent to curb non-essential inflows and protect foreign exchange reserves. While the higher cost is already hitting the import bill and could pressure jewellery demand, demand is expected to remain resilient. Economists also warn the tariff spike may spur smuggling as traders seek to bypass duties.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Trump and Xi may cut tariffs on 30 billion in imports under managed trade push

Trump and Xi may cut tariffs on 30 billion in imports under managed trade push

US and China are reportedly considering a managed trade framework that could reduce tariffs on about $30 billion of imports. The move aims to boost trade activity and smooth commerce while still addressing national security concerns. Negotiations focus on everyday products, suggesting a practical shift rather than a purely symbolic trade gesture.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Gold stays steady as U S China summit looms and Middle East tensions steer markets

Gold stays steady as U S China summit looms and Middle East tensions steer markets

Gold held steady in early Asian trade as investors waited for a key U.S.-China summit in Beijing and tracked Middle East developments. Market focus also included comments by President Donald Trump on the Iran war, a dip in oil prices, and rising U.S. consumer inflation. In India, import tariffs on gold and silver were increased.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Trump in Beijing signals US China may coexist while building separate supply chains

Trump in Beijing signals US China may coexist while building separate supply chains

As Donald Trump arrives in Beijing, US China ties are still shaped by trade tariffs and technology curbs. After two rounds of US moves and Chinese countermeasures, both countries are now prioritizing reduced reliance while maintaining a workable relationship. The result could be parallel self-sufficiency, faster domestic innovation, and fewer surprises—despite continued rivalry.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US seeks to keep Trump 10% tariffs after court strikes them down while appeal continues

US seeks to keep Trump 10% tariffs after court strikes them down while appeal continues

The Trump administration has asked an appeals court to pause a trade court ruling that overturned President Donald Trump’s 10% global tariffs. Despite the court setback, the government wants the levies to remain in effect while its legal challenge proceeds. The decision will determine whether tariff payments continue during the appeal process, with broader trade and market implications.

Summarised by Beize from a story on The Economic Times on 12 May 2026
India US trade talks restart next round but Section 301 probe blocks any deal

India US trade talks restart next round but Section 301 probe blocks any deal

India is expecting a US trade delegation for the next round of talks covering all pending issues, including the Section 301 probe. Washington launched the investigation in March, citing India’s alleged excess capacity in multiple sectors. Officials say any proposed trade deal will not move forward until the probe reaches a conclusion, keeping negotiations in limbo.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Trump anger over Germany could derail EU US trade deal before July 4 deadline

Trump anger over Germany could derail EU US trade deal before July 4 deadline

EU officials are scrambling to lock in a US trade deal before July 4, but President Donald Trump’s personal anger over remarks from German Chancellor Friedrich Merz is injecting uncertainty. Trump has floated new tariffs on European cars, while the EU tries to settle disagreements over the deal’s terms and keep negotiations on track.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Trump administration appeals court loss over 10 percent global tariffs under 1970s trade law

Trump administration appeals court loss over 10 percent global tariffs under 1970s trade law

The Trump administration has appealed a court decision that rejected its 10% global tariff authority under a 1970s trade law. While the ruling blocked the tariffs for three specific importers, officials say they expect to win on appeal. The setback unfolds as the administration pursues wider tariff moves under a separate trade statute.

Summarised by Beize from a story on The Economic Times on 9 May 2026
US court strikes down Trump 10 percent global tariffs calling them unjustified but keeps levies for most

US court strikes down Trump 10 percent global tariffs calling them unjustified but keeps levies for most

A U.S. trade court ruled President Donald Trump’s 10% temporary global tariffs are “unjustified” under a 1970s trade law, dealing a legal blow to the strategy. However, the ruling blocks the levies for only two private importers and the State of Washington, leaving most tariffs intact as Trump readies talks with China’s Xi Jinping.

Summarised by Beize from a story on Republic on 8 May 2026
Trump and EU chief agree Iran must never get nuclear weapons

Trump and EU chief agree Iran must never get nuclear weapons

Donald Trump spoke with European Commission President Ursula von der Leyen, with both leaders stressing that Iran must never possess a nuclear weapon. The call also covered EU-US trade ties, with a shared commitment to implement their trade deal and continued progress toward tariff reductions.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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Trump July 4 deadline pressures EU with steep tariffs for broken trade deal terms

Trump July 4 deadline pressures EU with steep tariffs for broken trade deal terms

President Donald Trump has set a July 4 deadline for the European Union to meet its trade deal commitments. If the EU fails to comply, the US threatens much higher tariffs on a wide range of EU goods, including cars. Ursula von der Leyen said discussions are underway and the EU remains committed to implementing the deal.

Summarised by Beize from a story on The Economic Times on 8 May 2026
US trade court strikes down Trump 10% tariffs as illegal but blocks only a few targets

US trade court strikes down Trump 10% tariffs as illegal but blocks only a few targets

A U.S. trade court ruled President Trump’s 10% global tariffs are unjustified under a decades-old law, blocking them for two importers and Washington state. Other businesses still face the duties while appeals play out. The ruling adds pressure to Trump’s tariff approach as trade talks with China loom, though the tariffs are expected to expire in July.

Summarised by Beize from a story on The Economic Times on 8 May 2026
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