On August 12, experts from the Center for Public Analysis Veža, Valerii Klochok and Ivan Us, discussed recent developments in global trade policy following Donald Trump's signing of a new executive order. The document postpones the signing of a US-China trade agreement until November 9.
In response, China’s Ministry of Commerce announced it would not impose additional tariffs on American goods until the same date, maintaining the existing 10%. Ivan Us noted that while negotiations between the two largest economies were expected to conclude by August 12, no final agreement was reached, prompting both sides to continue the dialogue.
Special attention was given to the trade relationship comparison between the US, India, China, and Brazil. Notably, new tariffs were imposed on India due to its imports of Russian energy resources, highlighting an asymmetry in US policy towards BRIC nations. The conversation explored the possible strategic motivation behind such measures as part of a broader effort to divide alliances.
The analysts also considered the upcoming US-Russia talks in Alaska, potential discussions about influence in the Arctic, and the consequences for China. They emphasized that ongoing uncertainty and fluctuations in US trade policy are creating tension for global partners and markets.
Beyond the economic aspects, Trump’s political approach, the impact on Ukraine, and the European Union’s role were discussed. The experts anticipate continued instability over tariffs and stressed the EU's lack of autonomy in shaping global events. The discussion concluded with an invitation for viewers to share their views on China’s role in the current situation.
