金灿荣：中美激战正酣，印度捅了中国一刀

Group 1: Trade Policies and Responses - In 2025, following Trump's second term, the US trade policy became more aggressive, imposing tariffs on multiple countries, with China being the primary target [1] - China responded swiftly with reciprocal measures, escalating trade tensions between the two nations [1][5] - India announced temporary tariffs on imported steel coinciding with US Vice President Vance's visit, indicating alignment with US interests [3][5] Group 2: Economic Impact and Strategic Moves - The imposition of tariffs has led to a decline in orders for Chinese exporters, while Indian companies have seen short-term benefits but face long-term supply chain complexities [5][11] - Vietnam adopted a cautious approach, ensuring its actions align with international commitments, while Japan resisted US demands, highlighting the varied responses of countries to US trade strategies [7][9] - The trade war has caused volatility in US markets, with increasing criticism of Trump's economic understanding and the effectiveness of his policies [9][13] Group 3: Long-term Implications and Global Dynamics - The ongoing trade conflict has prompted countries to reassess their positions, with India leveraging its relationship with the US to gain concessions while risking its ties with China [11][17] - The global supply chain is undergoing restructuring, with the US struggling to bring back manufacturing, while India has attracted some investment but with limited growth in manufacturing [15][19] - The trade war has underscored the lack of winners in such conflicts, with increasing uncertainty in the global economy as countries navigate their interests [17][19]