President Trump has warned China of a potential increase in tariffs on its goods to 155% if trade negotiations do not culminate soon, amid ongoing tensions marked by accusations of aggressive trade practices from Beijing. During high-level discussions with Australian Prime Minister Albanese, a significant defense cooperation agreement worth USD 8.5 billion was announced, aimed at enhancing supply chain resilience and military collaboration. Trump emphasized the necessity for a fair trade deal that benefits both nations and stated intentions to meet with President Xi Jinping to mitigate tensions. This escalation underscores the broader geopolitical landscape, highlighting the U.S. commitment to assertive trade policies while fostering stronger alliances with like-minded countries like Australia, ultimately aiming for a rebalancing of global trade dynamics.