01-05-2025

Global Trade, Tariffs, And Shifting Power

Date: 01-05-2025
Sources: edition.cnn.com: 2 | foxnews.com: 2 | news.sky.com: 2 | nytimes.com: 4 | scmp.com: 3
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Source: foxnews.com

Image content: The image shows a large structure fire engulfing a building, with intense flames and smoke. A firefighter on the right is spraying water from a hose, battling the blaze amid debris and charred remains.

Summary

Across multiple regions, the Trump administration’s tariff-centric approach is reshaping global trade dynamics, straining alliances, and influencing geopolitical alignments. The EU is exploring a purchase-heavy deal to ease U.S. tariffs, while China waits to see which U.S. advisory faction prevails before reengaging, and the U.S. pursues targeted agreements with select partners. Domestic politics around tariffs and protest policing expose internal U.S. fissures, as the Senate narrowly failed to curb emergency tariff powers and the Justice Department faced backlash over a campus probe. In Asia, countries navigate a perceived U.S. retrenchment and China’s expanding influence, even as publics like Vietnam’s maintain positive views of America amid tariff risks. Concurrently, intensifying Russia-Ukraine fighting tests U.S. mediation and underscores uncertainty about consistent U.S. foreign policy direction, amplified by sharp partisan rhetoric at home.

Key Points

  • EU signals willingness to buy €50B in U.S. goods if tariffs ease, amid complex negotiations and a temporary pause on measures.
  • China delays substantive talks, assessing internal U.S. tariff debates, as Washington pursues targeted deals with other partners.
  • U.S. Senate narrowly fails to overturn new reciprocal tariffs, highlighting bipartisan economic concerns and executive-legislative tension.
  • Asian geopolitics reflect a diminished, less predictable U.S. role and a rising China, while Vietnam-U.S. ties remain resilient despite tariff threats.
  • Domestic U.S. political battles—from DOJ protest probes to media funding fights—intensify debates over policy consistency and civil liberties.

Articles in this Cluster

The EU is ‘making progress’ toward a €50 billion trade deal with the US, trade commissioner tells FT | CNN BusinessClose icon

The EU says it is making progress toward a trade deal with the US that could include buying €50 billion more in American goods, mainly LNG and agricultural products, to reduce the US-EU trade deficit. EU trade commissioner Maroš Šefčovič told the Financial Times that any agreement would likely require the Trump administration to drop its 10% across-the-board tariffs on EU goods. Recent tariff escalations and pauses have strained relations, and Šefčovič warned it would be difficult to secure an EU-approved deal, though both sides are exploring options during a 90-day pause on some measures.
Entities: European Union, United States, Maroš Šefčovič, Financial Times, Donald Trump administrationTone: analyticalSentiment: neutralIntent: inform

Video: Kamala Harris condemns Trump in speech | CNN PoliticsClose icon

CNN video report covers Kamala Harris delivering a speech sharply criticizing Donald Trump’s performance as president, framing his tenure as a failure across key areas. The segment places her remarks within broader political coverage of the day, alongside other clips on approval ratings, trade policy, immigration, and international reactions to Trump.
Entities: Kamala Harris, Donald Trump, CNN, approval ratings, trade policyTone: analyticalSentiment: negativeIntent: critique

China blames US for COVID origin | Fox News

China released a paper accusing the U.S. of evading responsibility for COVID-19 and suggested the virus was present in America earlier than acknowledged. The statement came after the White House updated its COVID.gov site to emphasize the lab-leak theory, critique Anthony Fauci’s role, and argue that evidence for a natural origin hasn’t surfaced. Citing a prior WHO joint study, China maintained the virus likely jumped from bats to humans via another animal and criticized the U.S. pandemic response as slow and politicized. The article notes the CIA under the Trump administration assessed a lab leak as likely in 2025, despite earlier media skepticism. Fox News reached out to the White House for comment.
Entities: China, United States, COVID-19 origin, White House, Anthony FauciTone: analyticalSentiment: neutralIntent: inform

Russia ramping up attacks on Ukraine in 'critical' week for peace talks | Fox News

Ukraine reports a sharp increase in Russian attacks, with 177 clashes and 91 airstrikes in a day, despite Putin announcing a planned three-day ceasefire for WWII Victory Day. Ukrainian military chief Oleksandr Syrskyi says fighting has intensified ahead of what U.S. Secretary of State Marco Rubio called a “very critical week” for assessing peace talks. Rubio said progress has been made but key hurdles remain, and the U.S. will soon decide whether to keep mediating. The White House says President Donald Trump is prepared to escalate sanctions to push Putin to negotiate, while Trump questioned whether Putin wants peace amid continued strikes on civilian areas.
Entities: Russia, Ukraine, Vladimir Putin, Oleksandr Syrskyi, Marco RubioTone: urgentSentiment: negativeIntent: inform

Is Trump just winging his foreign policy? | US News | Sky News

The article examines whether Donald Trump has a coherent foreign policy or is improvising. Using his shifting stance on Ukraine as a case study—publicly berating President Zelenskyy before later appearing conciliatory and turning criticism toward Vladimir Putin—it highlights a pattern of rapid repositioning. Supporters see this as adaptive dealmaking; critics view it as dangerous inconsistency affecting tariffs, alliances, and relations with China and Russia. The only clear constant is Trump’s confidence and push to secure outcomes, leaving observers divided on whether his approach is canny flexibility or chaotic incoherence.
Entities: Donald Trump, Volodymyr Zelenskyy, Vladimir Putin, Ukraine, ChinaTone: analyticalSentiment: neutralIntent: analyze

Why many people in Vietnam now have a positive view of Americans 50 years after the war | World News | Sky News

On the 50th anniversary of Vietnam’s unification, Ho Chi Minh City marked the event with patriotic parades and displays of military pride. Despite the war’s devastating legacy—including millions of Vietnamese deaths, lasting health impacts from Agent Orange, and deep psychological scars—public sentiment toward Americans is broadly positive. This goodwill stems from cultural exchange, normalized diplomatic ties, and strong economic benefits from exports to the U.S. The article revisits Nick Ut’s iconic “Napalm Girl” photo and its enduring influence on anti-war sentiment. While Donald Trump once praised the image’s impact, his current threat of 46% tariffs poses a serious risk to Vietnam’s economy; nevertheless, figures like Ut remain hopeful the U.S.-Vietnam relationship will endure.
Entities: Vietnam, Ho Chi Minh City, United States, Agent Orange, Nick UtTone: analyticalSentiment: neutralIntent: inform

50 Years After the U.S. Left Vietnam, Another Retreat Is Shaking Asia - The New York Times

Fifty years after the U.S. exit from Vietnam, Asia is adjusting to a diminished American role and a rising China. The article contrasts enduring global appeal of U.S. ideals with declining U.S. engagement, citing Trump-era tariff whiplash, a weakened aid apparatus, and slower disaster relief—such as in Myanmar—compared with swift Chinese assistance. Across the region, China’s influence is expanding through military outposts in the South China Sea, infrastructure in places like Nepal, and defense projects in Cambodia, where a U.S.-assisted base was razed and rebuilt by China. Yet skepticism toward Beijing persists, and many still look to American values despite doubts about U.S. reliability and domestic democratic strain. Personal histories—from the fall of Saigon to a Vietnamese double agent who admired Americans—underscore the tension: Asia is learning to live not without America, but with China’s power ascendant and U.S. presence uncertain.
Entities: United States, China, Vietnam, South China Sea, MyanmarTone: analyticalSentiment: neutralIntent: analyze

Justice Dept.’s Criminal Inquiry of Columbia Protesters Raised Alarms Internally - The New York Times

A senior Trump Justice Department appointee, Emil Bove III, pushed an aggressive criminal probe of Columbia University protesters that career prosecutors, FBI agents, and a magistrate judge viewed as politically driven and legally weak, according to people familiar with the matter. The investigation, run through the civil rights division, targeted the student group Columbia University Apartheid Divest, seeking its membership list for potential sharing with immigration authorities and a search warrant for its Instagram account—moves internal lawyers feared violated First Amendment rights and were a pretext for intimidation and deportation. A magistrate judge reportedly rejected the warrant for lack of probable cause; Bove pressed an appeal. The effort reflects broader tensions in the department as Trump officials redirect the civil rights division toward cracking down on campus protests over Gaza, contributing to lawyer departures. DOJ leadership publicly defended the probe as combating antisemitism, citing imagery linked to Hamas and related inquiries, while legal experts criticized the approach as unethical and coercive. The Columbia investigation has largely stalled but left significant internal fallout.
Entities: U.S. Department of Justice, Emil Bove III, Columbia University, Columbia University Apartheid Divest, Federal Bureau of InvestigationTone: analyticalSentiment: negativeIntent: inform

Senate Rejects Bipartisan Measure to Undo Trump’s Tariffs - The New York Times

The Senate split 49-49 on a bipartisan resolution to overturn President Trump’s new reciprocal tariffs imposed under a national emergency, failing to pass. Republicans Rand Paul, Susan Collins, and Lisa Murkowski joined Democrats, but absences by Mitch McConnell and Sheldon Whitehouse and a tie-breaking procedural vote by Vice President JD Vance ended the effort. Even if approved, the measure faced a White House veto and House leadership blocks. Lawmakers from both parties voiced concern that the tariffs are harming the economy, despite Trump’s 90-day pause on most countries except China. GOP leaders urged patience to allow Trump’s trade agenda to proceed, while Democrats argued the tariffs are slowing growth and pressed to reassert congressional authority over trade.
Entities: U.S. Senate, Donald Trump, reciprocal tariffs, Rand Paul, Susan CollinsTone: analyticalSentiment: negativeIntent: inform

Trump Live Updates: NPR and PBS Funding, Mike Waltz and Immigration News - The New York Times

President Trump signed an executive order seeking to end federal funding for NPR and PBS, directing the Corporation for Public Broadcasting and federal agencies to halt direct and indirect support “to the maximum extent allowed by law.” The move, tied to claims of bias, faces constraints because CPB funding is appropriated two years in advance, and CPB has sued the administration over attempted board dismissals. Public broadcasters say roughly 15% of their budgets come from federal funds, with local stations and PBS more vulnerable than NPR. Separately, Trump announced his first judicial nominee of the term, Whitney Hermandorfer, for the Sixth Circuit. The administration appealed a ruling freeing Mohsen Mahdawi, a pro-Palestinian organizer and legal permanent resident. A judge temporarily blocked efforts to dismantle the Institute of Museum and Library Services. At a University of Alabama event, Trump praised the school’s athletics, reiterated culture-war themes including restricting transgender participation in women’s sports, and delivered campaign-style remarks attacking opponents and defending tariffs.
Entities: Donald Trump, NPR, PBS, Corporation for Public Broadcasting, Whitney HermandorferTone: analyticalSentiment: negativeIntent: inform

Exclusive | A stronger China waits to see which Trump adviser will come out on top on tariffs: sources | South China Morning Post

China is delaying substantive trade talks with the US as it gauges which faction within Donald Trump’s divided advisory team will set tariff policy, according to sources. Beijing sees competing approaches: hardline protectionists Peter Navarro and Robert Lighthizer pushing decoupling, versus Treasury Secretary Scott Bessent favoring a negotiated rebalance. With a 90-day tariff pause in place and uncertainty over Trump’s final stance and international reactions, China prefers not to “show its cards” yet, despite recent US outreach through multiple channels to initiate discussions.
Entities: China, United States, Donald Trump, Peter Navarro, Robert LighthizerTone: analyticalSentiment: neutralIntent: inform

How Trump deal, Pakistan could derail India’s warming China ties | South China Morning Post

Analysts say India’s improving ties with China could be complicated by two developments: New Delhi’s accelerating trade deal with the US following Trump’s proposed 26% tariff on Indian imports, and escalating tensions with Pakistan. While recent efforts have stabilized China-India relations after past border clashes, closer US-India economic alignment and regional conflict could stall further thawing. This would challenge Beijing’s broader strategy to court the Global South, where India is a pivotal player.
Entities: India, China, United States, Donald Trump, PakistanTone: analyticalSentiment: neutralIntent: analyze

No China talks under way, Trump trade chief says, but other deals are close | South China Morning Post

The Trump administration expects to announce initial, targeted trade deals within weeks to boost U.S. export access and reduce tariffs and non-tariff barriers, USTR Jamieson Greer said. While talks are active with several partners—including Japan, Guyana, Saudi Arabia, the Philippines, South Korea, and Britain—negotiations with India are not yet near completion, and there are no official talks underway with China. One unnamed partner’s deal is reportedly reached but awaiting that country’s parliamentary and prime ministerial approval.
Entities: Trump administration, USTR Jamieson Greer, United States, China, JapanTone: analyticalSentiment: neutralIntent: inform