Mexico, China and Canada were the largest importers for the US in 2023, and the first targets of US President Donald Trump’s tariffs. Germany, Japan, South Korea, Vietnam, India, Ireland, Italy and France may be next.

On February 13th Donald Trump announced he had decided, for what he later called “purposes of fairness”, to employ reciprocal tariffs. When the levies will go into effect, and how they will apply, is uncertain.

U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, while hearing He's concerns about President Donald Trump's new tariffs,

China's Vice-Premier He Lifeng held a video call with US Treasury Secretary Scott Bessent on Friday, expressing "serious concerns" regarding the recent imposition of tariffs and other restrictive measures on Chinese goods by US President Donald Trump.

US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on trade and economic issues in their introductory call Friday.