[UPDATE February 4, 2025: Late on the evening of February 3, the Trump administration announced a 30-day pause on tariffs against both Canada and Mexico.
Meanwhile, the Chinese government simultaneously announced a 15 percent tariff on US-sourced coal and liquefied natural gas (LNG), as well as a 10 percent tariff on other items from the US, including some trucks and sedans. At the time of writing, no US governmental pause on increased tariffs on Chinese imports to the US has been announced.]
Original piece follows.
