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China's trade surplus reached nearly $1 trillion, prompting concerns over global trade imbalances and escalating tariffs worldwide.
Trump is considering declaring a national emergency to legally impose universal tariffs on imports from various countries.
Trade experts warn that consumers may face up to 20% price hikes on essential goods by 2025 due to ongoing supply chain challenges.
Indian commerce ministry officials and representatives from 20 countries will explore strategies to enhance goods and services exports during a January meeting.
Trump's proposed tariffs raise concerns over potential disruptions in global trade, with uncertain economic impacts highlighted by experts.
Mexico introduces new tariffs on e-commerce goods, impacting major retailers like Shein and Temu amidst trade concerns.
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