US President hinted at a possible temporary exemption for the auto industry from existing levies, sparking optimism across global markets. Asian and European stocks rallied in response.

Trump’s tariffs may hurt, but this time China holds more cards − and could turn the pressure into a strategic advantage.

The fast-worsening trade war between the United States and China — the planet’s premier geopolitical powers, whose economies are intricately entwined — threatens to wreak severe damage on both nations and will send shockwaves worldwide.