China has said it will ban the export of valuable minerals to the United States, escalating the trade war between the two superpowers. The Biden administration recently tightened Chinese access to U.S.

A spokesperson at the Chinese Embassy in Washington said his country is fighting fentanyl trafficking, the reason for the new promised penalty.

Over the weekend, President-elect Donald Trump made new tariff threats toward a number of nations, including some adversaries. The proposals include a 25% tariff on all Candian and Mexican imports, plus a 100% tariff on imports from the Brics Economic Alliance if it undermines the strength of the US dollar.

Donald Trump is altering global trade with a new tariff plan aimed at Canada, Mexico, and China. It includes a 25% tariff on goods from neighbouring countries and a 10% levy on Chinese imports to tackle migration,

President-elect Donald Trump has vowed to impose import tariffs on products entering the United States from Mexico, Canada and China, starting on his first day in office.