Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.

The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.

China hits back with export controls, Canada and Mexico remain under threat. USPS closes then reopens "de minimis" small package loophole

China has offered to host a summit between the two leaders—without the participation of Ukraine—the WSJ reported.

French President Emmanuel Macron, in an interview with the Financial Times has described Donald Trump’s return to power as an “electroshock” for the EU and a moment “to accelerate and execute”, warning that otherwise the project is at risk of failure: “It has no choice.