US President-elect Donald Trump has threatened to impose tariffs on Chinese products, accusing China of allowing fentanyl components to flow into Mexico. He also plans to pardon individuals involved in the January 6, 2021 US Capitol riot and has hinted at supporting Israel in its war with Palestinian militants. Additionally, Trump aims to repeal some of President Biden's climate policies, including tax credits for electric vehicles, and boost offshore drilling. Furthermore, he plans to cut federal funding to schools that have adopted critical race theory and restrict transgender rights by ending child sex mutilation and removing transgender individuals from the military and schools.
https://www.ndtv.com/world-news/trade-wars-culture-wars-and-anti-immigration-donald-trumps-big-promises-7469141US President Trump stated that he plans to meet with Russian President Putin to discuss ending the war in Ukraine, but emphasized that any strategy would ultimately depend on Putin's willingness to engage. A US judge has allowed the release of a report related to an investigation into Trump's alleged attempts to subvert the 2020 election. Meanwhile, incoming national security adviser Mike Waltz expects a call between Trump and Putin to take place in the coming days or weeks. The conflict in Ukraine has resulted in tens of thousands of deaths and millions displaced, marking one of the most significant ruptures in relations between Russia and the West since the Cuban Missile Crisis.
https://www.brecorder.com/news/40342628/donald-trump-says-he-will-meet-very-quickly-with-putinUS President-elect Donald Trump plans to meet with Russian President Vladimir Putin soon after taking office. The meeting would be the first between the two leaders since Russia's invasion of Ukraine began in February 2022. Trump stated that he will meet Putin "very quickly" but did not provide a specific timeline, citing the need to settle into his new role as president. This comes as US Congressman Mike Waltz expects a call between Trump and Putin within days or weeks. The conflict has resulted in tens of thousands of deaths and millions displaced, straining relations between Russia and the West since the 1962 Cuban Missile Crisis.
https://www.ndtv.com/world-news/donald-trump-says-going-to-meet-very-quickly-with-vladimir-putin-7468093The Trump administration is considering providing additional support to Ukraine in private negotiations with European politicians, which could give Kiev an advantage before potential talks begin. However, officials are uncertain about President Trump's ultimate decision due to his reputation for changing positions or rejecting advice at the last minute.
https://www.fakti.bg/en/world/941631-cautious-optimism-in-europe-politicians-urge-donald-trump-not-to-rush-to-negotiate-with-vladimir-putinThe US government has imposed restrictions on exporting AI chips to curb China's technological advancement. The move is expected to have a significant impact on the global AI chip market, including India. The new rules will affect companies such as Nvidia, which has warned of negative global economic effects due to the restrictions. This decision by the US aims to limit China's access to advanced technology and slow its growth in the field of artificial intelligence.
https://indiatoday.in/technology/news/story/us-announces-restrictions-on-exporting-ai-chips-how-the-move-can-impact-india-and-global-tech-industry-2664446-2025-01-14The US government has introduced new export rules on advanced chips used for artificial intelligence, aimed at limiting China's access to the technology. The restrictions require authorisations for exports, re-exports and in-country transfers of the chips, with a cap on imports for non-exempt countries. AI data centres will also need to comply with enhanced security parameters to import chips. The move has drawn criticism from the chip industry and concerns from the European Union, while China's Commerce Ministry has vowed to "firmly safeguard" its interests.
https://www.malaymail.com/news/money/2025/01/14/us-tightens-ai-chip-exports-to-curb-china-draws-global-backlash/163116The US has imposed new sanctions on Russian oil tankers, which could disrupt Russia's supply of oil to India and China. However, experts believe that OPEC has enough spare capacity to fill the gap in global demand. The sanctions target a list of vessels used to ship oil from Russia and Iran, with some having previously been involved in shipping oil to Asia after Western sanctions shifted trade away from Europe. Analysts at JPMorgan say Russia may still be able to maneuver by acquiring non-sanctioned tankers or selling crude at a price below $60 per barrel to secure Western insurance.
https://www.thenews.com.pk/print/1271865-oil-jumps-on-expected-hit-to-china-and-india-s-russian-suppliesThe US Treasury's imposition of wider sanctions on Russian oil producers, including Gazprom Neft and Surgutneftegaz, has led to a surge in prices for Brent and WTI front-month contracts, with some analysts predicting that China and India will source more crude from the Middle East, Africa, and the Americas. This is expected to boost prices and shipping costs due to concerns over supply disruption. Goldman Sachs estimates that 1.7 million barrels per day of oil were transported by vessels targeted by the sanctions, which is approximately 25% of Russia's exports. As a result, analysts such as PVM's Tamas Varga are warning of potential disruptions in Russian oil supplies and predicting that prices will rise further.
https://www.brecorder.com/news/40342549/oil-prices-climb-to-4-month-high-on-expectationsThe US government has concluded that China is using unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors. The investigation, led by the US Trade Representative Katherine Tai, found that China targeted these industries for dominance through financial support, barriers for foreign firms, forced technology transfer, intellectual property theft, and procurement policies. As a result of this dominance, China's share of the $150 billion global shipbuilding industry has expanded to over 50% in 2023 from around 5% in 2000, while US shipbuilders have seen their share dwindle below 1%. The investigation is paving the way for potential penalties against China.
https://www.livemint.com/industry/us-probe-alleges-china-unfairly-dominating-maritime-sector-shipbuilding-grew-over-50-in-2023-may-face-penalties-11736833680806.html