Trump Administration Pushes EU to Slap Tariffs on Goods from Beijing

Trade tensions escalate as Washington pressures Brussels to target Chinese imports.

Geopolitical Chess Move

The Trump administration intensifies pressure on European allies to align against Beijing's trade practices. White House officials push for coordinated tariff measures that could reshape global supply chains.

Market Implications

Trade wars create volatility—and opportunity. While traditional markets wobble, crypto markets often decouple from geopolitical friction. Smart money hedges with digital assets when politicians play tariff bingo.

Another day, another attempt to fix global trade with twentieth-century tools while decentralized finance builds the future.

The United States pressures India, urges Europe to do its part

The Treasury chief also condemned purchases of Russian oil by certain European nations and the practice of buying discounted fuels processed in India using Russian crude.

“I guarantee you that if Europe put on substantial secondary tariffs on the buyers of Russian oil, the war WOULD be over in 60 or 90 days,” Bessent said. He implied that such steps would cut Moscow’s primary source of income.

According to Bessent, the US duties on Indian products have already resulted in “substantial progress” in trade talks with India. Washington and New Delhi are planning to pursue trade discussions, he said.

China expands global trade amid the rift

Bessent also discussed contacts with Beijing. He said Donald Trump and China’s leader, Xi Jinping, may meet next month at the APEC forum in South Korea. Trump indicated that he might visit China at Mr. Xi’s invitation. At the same time, Trump’s hard-line trade tactics have caused tensions with allies such as India, a target of heavy US import duties, leading to an opening for China to press for closer ties.

China depends on greater trade with other regions to offset a sharp drop in sales to the US. China’s exports to the US have declined by about 15% this year; however trade with  Africa, Southeast Asia, and other regions is growing. China is on track to break last year’s record trade surplus of nearly $1 trillion in 2025.

Despite strong trade figures, signs indicate strain within China’s economy. The government is moving to prevent companies from adding investment in sectors already facing surplus capacity to avoid price wars and to reduce worry from trading partners that a flood of low-priced Chinese goods will wipe out local manufacturing.

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