A Chinese declaration Friday banned exports of graphite without government permission, escalating a trade war with the Biden administration.
Exports of American-produced luxury goods will also be banned as Russia faces even more economic sanctions.
Late night comedians joked about a shipping container getting stuck in the Suez Canal, blocking a critical trade route.
With nearly 3,000 jobs at stake, Biden seems uncertain about using a veto, even as Republicans, a civil rights leader and a former Obama official push him to do so.
China is set to be the only G20 country to have a growing economy this year.
“In his words, Puerto Rico was dirty and the people were poor.” A former top Department of Homeland Security staffer said President Donald Trump asked if the U.S. could swap the island for Greenland.
The "small positive effect" of U.S. tariffs was more than offset by rising import costs and retaliatory tariffs, their paper concludes.
Introducing "Trade Daddy" Chen Biao, your new favorite "Weekend Update" guest.
President Donald Trump also delayed a planned tariff hike on Chinese imports this week in a conciliatory gesture.
Asked during the G-7 summit whether he had regrets over the ongoing trade dispute, the president said: "I have second thoughts about everything."