China Levies 15% Tariff on U.S. Coal & LNG, as Trump Temporarily Suspends Tariffs on Mexico and Canada for 30 Days

Tariffs, Trade, and Tension: Who Will Pay the Price?

China has struck back with a 15% tariff on U.S. coal and liquefied natural gas (LNG) in retaliation for President Donald Trump’s latest tariffs on Chinese goods. This marks a significant escalation in the ongoing trade dispute between the world’s two largest economies. It raises new economic risks for U.S. energy exporters, potential disruptions in global supply chains, and further deterioration of U.S.-China diplomatic relations as Trump and Xi prepare for trade talks.

Meanwhile, President Trump has announced a 30-day temporary suspension of new tariffs on Canada and Mexico following discussions with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum. In exchange, both leaders have agreed to enhance border security measures and strengthen efforts against drug and human trafficking. As part of this agreement, Mexico has committed to deploying 10,000 troops to the border to help curb illegal migration flows.

Let’s break this down.