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.
Beijing retaliated with tariffs on many U.S. farm exports, and Justin Trudeau said Canada would slap tariffs on $100 billion of American goods over the next 21 days.
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."
Trump during his address to Congress said that Canada and Mexico ‘have allowed fentanyl to come into our country at levels never seen before.’
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.
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,
President Donald Trump has said he is moving forward with 25% tariffs on goods imported from Canada and Mexico into the US, adding that time had run out to reach a deal. US stock markets sank in response to the measures, which he has threatened since earlier this year and said would now go into effect on Tuesday.
There is no motive or reason, nor justification that supports this decision that will affect our people and our nations,” Mexico President Claudia Sheinbaum said Tuesday.