Brief by Shorts91 Newsdesk / 06:59pm on 04 Feb 2025,Tuesday International
US President Donald Trump and Chinese President Xi Jinping are set to discuss escalating tariffs after both nations imposed fresh levies. Trump slapped a 10% tariff on Chinese goods, while Beijing retaliated with duties on US energy and vehicles. China also announced an investigation into Google and new export controls on critical metals. Trump temporarily suspended tariffs on Mexico and Canada after they agreed to curb fentanyl trafficking and migration. "He is not going to allow China to continue to source and distribute deadly fentanyl," said White House Press Secretary Karoline Leavitt. Markets remain volatile as tensions rise.
