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Trump's tariffs strain trade ties with partners, rattle markets

US President Donald Trump’s aggressive trade policies, including steep tariffs on China, India, the EU and others, have sparked inflation fears, market volatility, and backlash from impacted trade partners. India has hardened its stance against Trump’s demands, alleging hypocrisy and defending its trade and geopolitical ties with Russia. Meanwhile, US businesses such as GM and Stellantis are reporting significant tariff-induced losses, with economists warning of prolonged economic strain and job cuts. Meanwhile, analysts and scholars have countered "overcapacity" claims made against China's investment-led growth model. They argue that industrial abundance benefits global affordability, with the shared theme across these developments being the disruptive impact of protectionist policies on global trade, supply chains, and economic stability.

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