Trump Imposes Tariffs on China, Pauses Measures for Canada and Mexico

China retaliates with targeted tariffs and export controls, while Mexico and Canada agree to bolster border enforcement to delay U.S. tariffs.

• The U.S. implemented a 10% tariff on Chinese imports, prompting China to impose retaliatory tariffs on U.S. goods, including coal, LNG, and crude oil, and launch an anti-monopoly investigation into Google.
• China also announced export controls on critical rare earth minerals, potentially impacting high-tech industries globally.
• Tariffs on Canadian and Mexican imports were paused for 30 days after agreements to enhance border security and cooperation on drug trafficking and migration.
• Economists warn that the tariffs could increase consumer prices in the U.S. and strain global trade, with potential economic repercussions for all involved nations.
• Trump hinted at potential future tariffs on European Union imports, raising concerns about escalating trade tensions with additional key partners.

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