China, Mexico and 50 tariffs
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China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion.
Mexico’s Congress is set to vote this week on President Claudia Sheinbaum’s proposed tariffs on China, part of a broader plan to shield local producers and ease trade tensions with the US. The move is fueling expectations that it could soon make room for US tariff relief on Mexican steel and aluminum.
Sheinbaum's Thursday presser covered Mexico's new tariffs, tension with the US over water deliveries and plans to attract Chinese tourism.
A St. George furniture maker is facing a costly new normal as Trump’s unpredictable tariffs drive up import prices and cut into profits.
China’s Commerce Ministry urged Mexico to rectify “unilateral, protectionist practices,” saying that the levies harm Chinese interests.
China's record breaking one trillion-dollar trade surplus shows Trump's tariffs have done little to tame Beijing's export juggernaut. In fact, they might have turbocharged it instead.
Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties. Recent steps that Hanoi had long resisted on security grounds include sensitive tech contracts for Chinese telecoms firms Huawei and ZTE;