Both the EU and India see the deal as a significant relief in the context of economic pressure from the Donald Trump administration in the US, in the form of the arbitrary use of tariff and trade wars.

Though Chinese exports to the US have declined almost 19% since the start of Trump’s tariff war in April, it has been able to diversify both its export destinations as well as the basket of goods to counter the effects.

China stated that the G7 has no moral standing to question its defensive policies when the weapons supplied by them are used to kill hundreds of thousands of people in Gaza, Ukraine, and elsewhere.

The larger trade war between the two economies will only continue unless the US is willing to come back to a global trading regime.

The USD 350 billion commitment is not just a trade imbalance; it is a siphoning of national wealth that the Korean Confederation of Trade Unions (KCTU) warns will inevitably fuel domestic austerity and wage suppression.

Through the blatant imposition of “unequal treaties”, Trump is flexing his muscles, bringing trade partners to their knees – though at great cost to the US reputation.

Opposition groups, trade and farmers’ unions demanded the government of India explore alternative international mechanisms, such as the BRICS, to counter US imperialist moves

The EU has announced a trade deal with the US involving high tariffs and major investments into the US economy, without securing anything in return.

The United States wields tariff threat, forcing countries around the world to make deals to reduce trade impact

Tariffs against China reached 145% and are now being reduced; China’s policies to boost domestic consumption yielded results

China has stood firmly against the storm of US foreign policy, including the recent escalations in the trade war by the Trump administration.

EU officials were relieved by the US decision to delay new tariffs by 90 days, but they remain at risk of an economic crisis