Overview

• The U.S. imposed a 10% tariff increase on Chinese imports, prompting China to announce retaliatory tariffs of up to 15% on American goods like coal, gas, and vehicles, effective February 10.
• China has filed a complaint with the World Trade Organization and launched an antitrust investigation into Google, signaling broader economic countermeasures.
• Temporary agreements with Canada and Mexico delayed planned 25% U.S. tariffs for 30 days, in exchange for commitments to combat fentanyl trafficking and enhance border security.
• Mexico has deployed 10,000 soldiers to its northern border, while Canada pledged $1.3 billion for border reinforcement and joint efforts with the U.S. against organized crime.
• The escalating trade measures have raised concerns about inflation, disrupted supply chains, and strained diplomatic relations among major global trade partners.