info@marketfacts.ca +1-807 788 8478
The return of President Donald Trump in January 2025 has triggered a significant recalibration of global trade. The administration’s sweeping tariff program, termination of key bilateral agreements, and more assertive economic policy stance have begun to reshape supply chains across North America, Europe, and Asia.
On 30 October 2025, President Trump met Chinese President Xi Jinping in Busan (South Korea) on the sidelines of the APEC 2025 summit for their first face-to-face talks since 2019. The meeting attracted global attention due to its timing amid elevated U.S.–China trade tensions, export-controls issues, and supply-chain risks.
In recent days, the U.S.–China trade tension has escalated further. Donald Trump’s renewed push for 100% tariffs on Chinese imports and new 25% tariffs on heavy-duty trucks has now been met with direct maritime retaliation from Beijing.