Disturbing but necessary.

"Global recession fears have set in after US President Donald Trump took some bold tariff decisions. The fall of the mighty US Dollar has also complicated the situation. However, an expert has claimed that the US Dollar was still in better position than the American currency traded during the 2008 financial crisis." ET. "US consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions. The University of Michigan Surveys of Consumers...said its Consumer Sentiment Index dropped to 50.8 this month from a final reading of 57.0 in March." Reuters. China has raked in windfall gains, as "The world's two biggest economies are headed for divorce that will play out for the rest of this year and beyond, after a month that saw a huge spurt in China's exports and its overall trade surplus hit near $103 billion." ET. Money in the pocket is valuable insurance. Radio Free Asia reported, "Major export provinces and shipping ports, including Shanghai and Guangdong, have seen a sharp decline in activity, with cargo traffic to the US coming to a near halt." "Shipping containers that missed the April 9 deadline for US-bound vessels are now stacked high at these ports." In "Zhejiang and Guangdong - the provinces contributing the most to China's exports in 2024 - factory operations have been brought to a halt." ET. "At present, China's exports are facing a complex and severe external situation, but 'the sky will not fall," said a spokesperson of China's customs department. TOI. While China has retaliated with a tariff of 125% on US goods, India has chosen "a path of dialogue and trade talks. Firstly, the tariffs on New Delhi were comparatively lower than a few major economies, and secondly, Trump has been, so far, favorable to India's approach to tariff hikes." TN. Still, "If the United States and China - the world's - two largest economies are heading into a major slowdown, the impact on India will be far more severe than anything the current tariff war might bring, said Swaminathan Aiyar." "Amid rising trade tensions with Washington, China...urged India to join hands in resisting what it called the 'US abuse of tariffs', after President Donald Trump announced a steep hike." HT. In March 2024, "China...said the Sino-India border issue does not represent the entirety of the bilateral ties and called for enhancing mutual trust between the two countries." BS. In other words, we may attack suddenly, kill your soldiers, as at Galwan  (BBC), but you should continue to buy our products and support us. Arrogant idiocy of Communist barbarians. However, "In a pointed critique of global trade imbalances, Union Commerce Minister Piyush Goyal said China's economic ascent was built on 'unfair trade practices, hidden subsidies and distorted labor models." ET. A severe recession in China may affect India's economy but ultimately will surely be beneficial for India. "Creative Destruction" (Investopedia) works. Necessary.