US-China Trade Talks Collapse Over Tariff Disputes

Source:Reuters
June 29, 2025
Global
international
major
negative
trade war
US-China
tariffs
economy

Trade negotiations between the United States and China have collapsed after failing to resolve disputes over tariffs and technology transfers. Both sides accused each other of bad faith, raising fears of a renewed trade war that could impact global markets, including Nigeria's oil exports. Stock markets worldwide saw sharp declines following the announcement. Analysts warn that prolonged tensions could disrupt supply chains and increase costs for consumers. Efforts to resume talks are uncertain, with both nations preparing retaliatory measures.

Related Articles

Fighting in Ukraine has intensified over the past 48 hours, with reports of significant casualties and infrastructure damage in key regions. Both Ukrainian and Russian forces have escalated military operations, with missile strikes and ground assaults reported in multiple cities. International observers warn of a deepening humanitarian crisis, as thousands are displaced. The United Nations has called for an immediate ceasefire, though no progress has been reported. Specific casualty figures vary, but estimates suggest hundreds have been affected in recent clashes.
BBC News
3 days ago
international
breaking
The Federal Government has clarified Nigeria’s approach to the 9th Tokyo International Conference on African Development (TICAD9), emphasizing strategic engagement over mere exhibition. The Minister of Foreign Affairs, Yusuf Tuggar, explained that Nigeria aims to secure partnerships in agriculture and technology. 'We are here to build sustainable collaborations, not just to showcase,' Tuggar stated during a pre-conference briefing. The event, scheduled in Japan, will see Nigeria presenting proposals worth over $500 million in potential investments.
Punch Newspapers (MobilePunch)
5 days ago
international
regular
Tensions in the Middle East have intensified as violence escalates between conflicting parties, prompting urgent ceasefire talks mediated by international bodies. The conflict, centered in Gaza, has resulted in over 500 casualties in the past week alone, with civilian infrastructure heavily damaged. The United Nations has called for an immediate halt to hostilities, with negotiators from the US and EU facilitating discussions in Qatar. Both sides have accused each other of violating previous agreements, complicating the peace process. Humanitarian organizations warn of a looming crisis, with thousands displaced and in need of urgent aid.
Reuters
6 days ago
international
breaking