China opposes excessive tariffs, says China's Foreign Minister Wang Yi. He said this on the sidelines while heading to the Asean+3 meeting here on Thursday (July 10). "We oppose excessive tariffs," he told reporters briefly when asked about China's stance on the tariffs imposed by the United States.

It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters.

Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.

Trump’s budget, which was signed into law last week, provided a whopping $165 billion for the Department of Homeland Security, including $46.5 billion for new border wall construction, $3.2 billion for new technology, and $2.7 billion for new border surveillance.

U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to the region since taking office, reassuring them it is a priority for Washington, despite President Donald Trump's tariffs.

The average car price in China is around $22,900 (165,000 yuan). BYD Co. Ltd., the world's largest EV maker, announced discounts of 30% or more on 20 models in late May. Its budget-friendly electric Seagull compact car saw its starting price drop to $7,750 (55,800 yuan).

President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.

China’s exports to the United States have plunged over 43% year-over-year in May, representing a $15 billion drop in trade value, yet at the same time, China’s total exports have increased 4.8%, according to official figures,