Effective tomorrow, China will implement a new round of retaliatory tariffs on U.S. imports. The tariffs will impact approximately $14 billion worth of imports from the United States, and the energy sector is expected to bear the brunt.

At today's press conference, the spokesperson for China’s Ministry of Commerce (MOFCOM) addressed several key trade and policy issues, including U.S. tariff measures and China's newly announced sanctions and export controls on rare metals.

One important element of the recent tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) was to eliminate the exemption for de minimis shipments (items in amounts of $800 or less), which will have a significant impact on certain retailers who sell products from China directly

In response to the 10% tariffs imposed by President Trump on all Chinese imports, which went into effect today, China has retaliated quickly, with actions in five areas.

Yesterday, President Trump announced that he would impose tariffs of 25% on Mexican imports, 25% on Canadian imports for most products (10% on energy products), and 10% on Chinese imports, in an effort to force these countries to take action to stem the flow of fentanyl products to the U.

As former President Trump gets closer to his return to the Oval Office, speculation has grown about his proposed 60% tariffs on Chinese imports. Simultaneously, momentum is building in Congress to revoke China's Permanent Normal Trade Relations (PNTR) status. These parallel developments could potentially trigger a new round

While Beijing has been focused on high-profile trade disputes with major economies such as the United States and the European Union, an increasingly protectionist sentiment among smaller trading partners presents a different kind of challenge and a complex landscape for Chinese exports.