Lin made the comments after an additional 10% tariff on Chinese imports to the U.S. took effect Tuesday, prompting China to announce it would increase import duties by 10-15% on several key American agricultural food products, plus expand export controls on 15 U.S. firms in retaliation.

Since the beginning of the war, countries have sanctioned Russia, but Trump implied there is a loophole that allows some countries to benefit their energy industries.

US Treasury Secretary Scott Bessent said last week that Mexico had also proposed matching Washington’s tariff hikes on China, something that Sheinbaum did not confirm. But she said that Mexico ...

Finance ministers and central bankers from the G20 top economies gather in South Africa on Wednesday and Thursday, for a meeting marred by the absence or curtailed attendance of key members and disputes over the main issues of climate, debt and inequality.