INSUBCONTINENT EXCLUSIVE:
China must fall before meaningful negotiations can resume.He described the current situation as unsustainable, likening it to an embargo
that hurts both economies
deficits and support domestic manufacturing.This policy imposes a 10% universal duty on imports, with higher rates for certain partners, and
(Photo Internet reproduction)US-China Trade Rebalancing Push Aims for Global StabilityThe administration argues that these measures are
necessary to restore industrial capacity, improve national security, and reduce vulnerabilities in key sectors
For Canada and Mexico, only goods meeting USMCA rules of origin avoid these new tariffs.Bessent emphasized that trade rebalancing is not
He called for China to shift its economic model toward greater domestic consumption, while the US focuses on rebuilding its manufacturing
base.This rebalancing aims to address the structural imbalances that have defined global trade for years: the US running large
current-account deficits, and China accumulating surpluses through export-led growth.Experts at the United Nations Conference on Trade and
Development (UNCTAD) note that global rebalancing will reshape demand, output, and employment patterns worldwide.They warn that, without
coordinated action, these shifts could have deflationary effects and reduce job opportunities, especially in export-dependent economies in
Officials believe that, if both sides act, trade flows can stabilize and set the stage for a more balanced and sustainable global
economy.The coming months will reveal whether these rebalancing efforts can deliver the intended results without further disrupting global
