Russian President Vladimir Putin and Chinese President Xi Jinping publicly reaffirmed their nations’ “no limits” partnership during a phone call on January 20, shortly after Donald Trump’s inauguration as the 47th president of the US.
US President Trump has announced plans to impose 25 per cent tariffs on Mexico and Canada from February 1, citing concerns over immigration and fentanyl flows into the United States, while also taking steps to rename the Gulf of Mexico.
As tensions between the US and China continue to simmer over trade and technology, Chinese Vice President Han Zheng’s visit to Washington has sparked a significant dialogue between the two countries.
The Philippine Coast Guard has vowed to continue its efforts to challenge China’s increasing presence in the South China Sea, asserting its determination to prevent Beijing from normalising illegal maritime patrols.
Global political risk is set to intensify in 2025 with international trade becoming a geopolitical battleground after Trump’s return to office, said Verisk Maplecroft analysts.
Donald Trump used his inauguration address on January 20 to double down on his assertion that the United States would "take back" the Panama Canal, claiming that China had gained control of the strategic waterway.