This interview examines Donald Trump’s latest executive order postponing the signing of a trade agreement with China until November 9. In response, China announced it will not introduce new tariffs on US goods, maintaining the existing 10% rate until that date.
The expert explains the background: a resolution was expected by August 12, but talks have dragged on due to the complexity of the issues involved. The main players in the global trade arena are the US, China, and the European Union. The US and EU have reached an agreement, but negotiations with China continue.
Recently, the US imposed higher tariffs on countries without trade agreements—most notably India (with increased tariffs targeting its oil imports from Russia), while China has so far avoided new tariffs. This creates differing trade conditions for India and China and raises questions on Washington’s broader strategic objectives.
The discussion also touches on Brazil, which previously faced increased tariffs, and the recent memorandum on expanded financial cooperation between Brazil and Russia.
Analysts note that these US policy moves may influence not only China but also the dynamics within BRICS, as bolstering one member may disadvantage another. The future of global trade rules will hinge on the ultimate outcome of US-China negotiations.
