Deep dive into 2025’s shifting U.S. tariffs, from ‘Liberation Day’ to China and India moves, with inflation impacts, court challenges, and holiday retail risks.

Chinese Foreign Minister Wang Yi was in India for talks to shore up ties after a difficult phase in relations marked by border clashes. Wang met PM Narendra Modi ahead of his China visit after seven years.

China has removed export restrictions on rare earth magnets bound for India, Indian media reported on Tuesday, in a calculated move timed with a diplomatic

India and China are aware of the “very high political, economic and military cost of frozen relations,” he says. “China felt it had pushed India too close to the U.S. while India realized that it was losing its vaunted strategic autonomy by getting too close to Washington and turning Beijing into an adversary.”

Chinese Foreign Minister Wang Yi, who arrived in India on Monday, is scheduled to hold talks with Modi and other leaders about the disputed border in the Himalayan mountains. Reducing the number of troops on the border and possibly resuming trade in the contested region are expected to be on the agenda.

New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.