RUSH DOSHI is Director of the Initiative on China Strategy at the Council on Foreign Relations and an Assistant Professor at the Edmund A. Walsh School of Foreign Service at Georgetown University. He previously served as Deputy Senior Director for China and Taiwan Affairs at the National Security Council during the Biden administration.

Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

President-elect Donald Trump has promised to bring down prices on groceries, rent and other basic necessities of life. U.S. presidents don’t typically have direct control over how much any of those things cost,

Chinese firms are on edge and so are some of their US partners. Markets are relatively muted, though the yuan is down.

By Joe Cash BEIJING (Reuters) -China attacked U.S. President-elect Donald Trump's pledge to slap additional tariffs on Chinese goods over fentanyl flows, saying his incoming administration was pushing the blame for America's opioid crisis onto China.

President-elect Trump’s emphatic promise of new tariffs is sharpening the debate over how he will handle the economy. It’s likely the single most important domestic issue of his second term. Trump is poised to enjoy almost perfect timing in taking the reins of an economy on the rise.