A House committee report said Beijing was fueling the fentanyl crisis in the U.S. by subsidizing the manufacturing of materials used by traffickers to make the drug outside the country.
Mexican President Claudia Sheinbaum, under US pressure not to allow her country to be a backdoor for Chinese goods, said on Thursday that her government would review its tariffs with Beijing. Mexico imports “many products from China” that have hit domestic industries,
Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen. In an address to Congress Tuesday night,
Beijing pledged to retaliate after Trump said the U.S. would slap another 10% tariff increase on Chinese goods starting next Tuesday, March 4. Trump also said Thursday 25% tariffs on goods from Canada and Mexico will go into effect on Tuesday after a one-month pause.
Oil prices fell to multi-month lows on Tuesday after reports of OPEC+ plans to proceed with output increases in April while further price pressure was applied by U.S. tariffs on Canada, Mexico and China as well as Beijing's retaliatory tariffs.
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
Trade tensions between the world’s two leading economies are set to escalate on Monday, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for President Donald Trump’s latest hike on Chinese imports.
Many imports from Canada and Mexico will be exempt from tariffs, as the president quickly reversed a sweeping trade action taken just two days ago after market turmoil.
Women Rising, The Era Progressing" event was held in Beijing on Saturday, bringing together female entrepreneurs, diplomats, and academics who shared their experiences and championed women's rights. Participants focused on the "She economy,
Trump during his address to Congress said that Canada and Mexico ‘have allowed fentanyl to come into our country at levels never seen before.’
Trump's tariffs on Canada, Mexico, and China are now in effect. The Trump administration is imposing a 25% tariff on imports from Canada and Mexico. Trump doubled the US's additional tariffs on China from 10% to 20%. President Donald Trump's new tariffs on Mexico, Canada, and China are here.