Better Sino-US Ties Boost Law-based Order
risingnepaldaily.com · Sat May 03 01:53:28 GMT 2025

A nation’s need for trade is to balance the sale of surplus products and overcome the scarcity of goods. The US tariffs against all nations for the reason of treating the nation unfairly have rattled the world economy, forcing many nations to look for alternatives and mutually adjust. US President Donald J. Trump is driven by scores of considerations in the process of imposing tariffs with allies and competitors even those having free trade agreements and member of World Trade Organisation: protect domestic market from international competition, boost American manufacturing capacity, reduce huge trade deficits and debt, create room for tax cuts, use tariffs as leverage in trade negotiation and slow down the relentless rise of its strategic competitor China in global economy.
Read full story at source (risingnepaldaily.com)