China opposes excessive tariffs, says China's Foreign Minister Wang Yi. He said this on the sidelines while heading to the Asean+3 meeting here on Thursday (July 10). "We oppose excessive tariffs," he told reporters briefly when asked about China's stance on the tariffs imposed by the United States.

It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters.

Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.

U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to the region since taking office, reassuring them it is a priority for Washington, despite President Donald Trump's tariffs.

The average car price in China is around $22,900 (165,000 yuan). BYD Co. Ltd., the world's largest EV maker, announced discounts of 30% or more on 20 models in late May. Its budget-friendly electric Seagull compact car saw its starting price drop to $7,750 (55,800 yuan).

United States President Donald Trump's proposed 50% tariff on copper imports would affect Mexican exports worth around US $1 billion per year.

China’s exports to the United States have plunged over 43% year-over-year in May, representing a $15 billion drop in trade value, yet at the same time, China’s total exports have increased 4.8%, according to official figures,

The US president's tariff regime has up-ended global markets, disrupted businesses and thrown international trade into uncertainty and today's deadline is unlikely to put an end to it.