China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion.

Sheinbaum's Thursday presser covered Mexico's new tariffs, tension with the US over water deliveries and plans to attract Chinese tourism.

China’s Commerce Ministry urged Mexico to rectify “unilateral, protectionist practices” as soon as possible, saying that tariffs announced by the Latin American country harm Chinese interests.

Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling party lawmakers told Reuters, amid fierce opposition from China and Mexican business groups.

Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U. calls for decoupling, as the Communist neighbours beef up ties.

President Donald Trump announced a $12 billion farm aid package to support U.S. farmers amid ongoing trade negotiations with China and tariff concerns.

China's Premier Li Qiang said on Tuesday the "mutually destructive consequences of tariffs have become increasingly evident" over 2025, in remarks at a "1+10 Dialogue" including the heads of the IMF,