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Chinese President Xi Jinping meets with Cambodia's Prime Minister Hun Manet (not pictured) at the Peace Palace in Phnom Penh, Cambodia, April 17, 2025.

Agence Kampuchea Press/Handout via REUTERS

China warns world against harmful US trade deals

China warned Monday that it would “take countermeasures” against countries that try to curry favor with the US by hurting Beijing. More than 70 countries have reached out to Washington in hopes of brokering deals to avoid eye-watering tariffs, and US President Donald Trump said last week that Latin American countries should “maybe” choose between trade with China and America.
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- YouTube

What Canada’s main parties are running on in upcoming election

Canada’s 45th general election is less than two weeks away, and the nation faces a fraught political climate fueled by President Donald Trump’s tariffs and annexation threats towards the country. The election's outcome could have far-reaching impacts on Canada’s future and position in a fragmenting world. In an exclusive interview, GZERO’s Tasha Kheiriddin sits down with Eurasia Group‘s senior advisor John Baird and Vice Chairman Gerald Butts to unpack what’s at stake in Canada’s election, including key political players and the strategies behind their campaigns.

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- YouTube

Special interview: Canadians head to the polls — and into the Trump vortex

With just over a week until the Canadian election, GZERO’s Tasha Kheiriddin sat down with two senior advisors at Eurasia Group to get their take: Vice Chairman Gerald Butts, who is a former advisor to Liberal Prime Minister Justin Trudeau, and John Baird, former Cabinet minister under Conservative Prime Minister Stephen Harper.

Here’s what they had to say:

Why is Canada in an election campaign? “The prime minister needed a mandate from the people, not just his party,” said Butts, referring to newly minted PM Mark Carney, who took over from Trudeau in March.

Baird was more blunt: “Carney wanted to separate himself from the NDP–Trudeau era.” Which he seems to be doing: Under his watch the Liberals have soared nearly 20 points in the polls and are currentlypredicted to form a government.

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Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 16, 2025.

REUTERS/Blair Gable

Hard Numbers: BoC warily holds rates, Canada lobbies China for tariff relief, Trump gives borderlands to the Army, Global growth forecasts fall, Major League Baseball struggles to attract Black talent

2.75: Canada’s central bank held its key interest rate steady at 2.75% this week, ending a streak of seven consecutive cuts. Despite concerns about a slowing Canadian economy, and a lower-than-expected inflation reading earlier this week, the regulator opted not to cut rates due to massive uncertainty about the extent and impact of Donald Trump’s tariffs.

100 and 25: Canadian industries are busy lobbying one of the world’s largest economies for tariff relief — but, in this case, it’s not the US but China. The world’s number two economy last month slapped a 100% tariff on Canadian canola products and a 25% levy on pork and seafood. The move, which could cost some Canadian meat-processors more than $100 million this year, was made in retaliation for Ottawa’s tariffs on Chinese EVs.

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US-China trade from 1985-2024

Luisa Vieira

Graphic Truth: The US trade deficit with China, from zero to now

Hard as it is to imagine amid the harrowing US-China trade war these days, there was a time when the two countries hardly did any business with each other.

That time was about 40 years ago, in the mid-1980s.

In those days, China had just barely begun the sweeping economic reforms that would turn a country wrecked by Mao Zedong’s Cultural Revolution into a new “workshop of the world.” By churning out exports of everything from sneakers and sofas to smartphones and solar panels, China carved out a crucial role in the global economy.

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U.S. President Donald Trump speaks to the media on board Air Force One on the way to West Palm Beach, Florida, U.S., April 13, 2025.

REUTERS/Nathan Howard

The art of the repeal? Trump scraps China tech tariffs - for now

When it comes to tariffs, US President Donald Trump is proving more, er, flexible than some thought. Case in point: late Friday, US Customs quietly published a list of tariff exemptions, and buried in the jargon was code 8517.13.00.00. If you know your customs codes, that’s the digital alias of… the smartphone.

Trump’s new 145% tariffs on Chinese goods will now (mostly) spare the devices, as well as laptops, memory chips, solar cells, and semiconductors.

Why the walkback? Eighty percent of iPhones sold in the US are manufactured in China. The full weight of the tariff would have sent sticker pricessoaring north of $2,000, torched Apple’s margins, and further spooked Wall Street.

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Paige Fusco & Ari Winkleman / GZERO Media

The Graphic Truth: Which US states export the most to China?

The trade war between the US and China is already scorching hot. As of this writing, the US has slapped tariffs of 145% on all Chinese goods, while Beijing has hit the US with a 125% levy of its own.

Much attention has focused on the tariff impact on Chinese exporters and US consumers – fair enough, given that China is the second largest source of US imports.

But US industries also sold more than $140 billion worth of goods to China last year – with agricultural goods (soy beans especially), electronic equipment, and oil and gas among the top exports.

Here’s a look at the ten US states that exported the most to China, along with estimates of how many jobs were supported by that commerce.

An Apple Store employee walks past an illustration of iPhones at the new Apple Carnegie Library during the grand opening and media preview in Washington, U.S., May 9, 2019.

REUTERS/Clodagh Kilcoyne/File Photo

Could an iPhone really cost $3,500?

US tariffs on China are now a staggering125%. That affects thousands of goods produced in China, but let’s take a look at one, which may be in your pocket or your hand right now: the iPhone.

CBS Newsreports that the price of an iPhone 16 Pro Max with 256GB of storage, which currently retails for $1,199, would climb to nearly $1,900. And that’s at the present tariff rate, which may rise further as the US-China trade war intensifies.

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