China will aim for economic growth of around 5% this year, the same as last year. This comes despite deep domestic challenges and fresh tariffs on Chinese imports to the U.S.
Canada and China hit back swiftly after Trump's sweeping tariffs took effect Tuesday, raising fears of a global trade war. International markets, meanwhile, continued to slide.
Canadian and Chinese officials say they were already helping reduce fentanyl smuggling. Prime Minister Justin Trudeau said fentanyl crossing the northern border is "near zero."
The White House describes the tariffs as a response to inadequate border and drug enforcement. They are forecast to add thousands of dollars to the price of vehicles.
President Trump's tariff policy is creating uncertainty for places like Tupelo, Miss. with a manufacturing-dependent economy. It's in a conservative county where Trump got nearly 70% of the vote.
China will impose additional tariffs of up to 15% on imports of U.S. farm products, including chicken, pork, and soy. They follow Trump's order to raise tariffs on imports of Chinese products to 20%.
President Trump cited outdated drug overdose data to justify tariffs against Canada, China, and Mexico. He also offered no evidence Canada is fueling the U.S. drug crisis.
Little about how Trump discusses tariffs is normal — not only because he threatens tariffs on a weekly, even daily, basis, but also because it's often unclear if or when those tariffs will happen.
President Trump has declared multiple national emergencies since taking office. That's helping him act quickly. There are few checks and balances on the emergency powers he's claiming.
India's Prime Minister Narendra Modi, a nationalist criticized over India's democratic backsliding, has welcomed President Trump's return to the White House. India so far has been spared new tariffs.
Vance will likely use the summits to resist further AI regulation while reiterating a common Trump refrain: that military allies need to further ramp up spending that supports NATO and Ukraine.
