China has chosen to play hardball with the United States, using its biggest trade weapon—rare earths.
Join Terri as she deciphers the sudden escalation in the U.S.–China tradewar and Beijing’s motivation behind it.
Chinese importers have not yet bought soybeans from the fall U.S. harvest due to the tradewar between Washington and Beijing, costing U.S. farmers billions of dollars in lost sales.
Macklem said that in Canada, which still has high levels of household debt, some may be unable to keep up with payments if the tradewar continues and default on their payments.
–China tradewar appeared to be easing, China suddenly imposed its toughest restrictions on rare earths, shocking the Trump administration and global markets.
Analysts warned conditions could still quickly change, as has so often happened in President Donald Trump’s tradewars.
On Monday:
The S&P 500 rose 184.28 points, or 3.3 percent, to 5,844.19.
"Monetary policy cannot resolve trade uncertainty or offset the impacts of a tradewar," Macklem warned. "What we can and must do is ensure that Canadians continue to have confidence in price stability."
CEO Michael Garcia said Thursday his company is in the midst of "aggressive" cost cuts as it copes with uncertainty caused by the ongoing tradewar.
On the Sault Ste. Marie, Ont.
A wider conflict involving Iran, Israel, the Gulf states, and American forces would have destabilized global energy markets, disrupted trade, and increased the risk of a broader regional war.
Through the use of tariffs, reduced foreign aid, and renegotiated trade deals, the Trump administration is forcing a change in global politics. The latest chapter has involved the tradewar between the United States and the Chinese communist regime.
Today, Beijing still dominates the industry and in 2025 used that as leverage in its tradewar with the US, spurring urgent action from Washington to attempt to create its own rare earths supply chain.
White House senior counsellor Peter Navarro has dismissed accusations of the Trump administration launching a tradewar against Canada.
“The president is fighting a drug war,” Navarro said on Feb. 4. “This is not a tradewar.”
-China tradewar just the tip of the iceberg? We take a look at what the Trump administration may have missed in dealing with China.
Chinese state-backed AI firm DeepSeek is raising red flags in Washington.
President Donald Trump is heading to Asia—high on the agenda: the tradewar with China.
Some American semiconductor makers are finding themselves in a tricky situation—details ahead on what sensitive information China is demanding from them.
The latest tradewar with China began in early 2025, when Trump announced new reciprocal tariffs, including an additional 34 percent duty on Chinese goods on top of existing tariffs.
Americans are far more likely to support a tradewar now, and with China’s weakened economy, a renewed tradewar could deliver a massive blow to Beijing.
Department of Agriculture is announcing the rate of financial aid per acre for farmers affected by the tradewar. Those who qualify can expect payments by late February.
Meanwhile, French finance minister Eric Lombard said that a tradewar between the EU and the United States would be "idiotic," and that the 27-country bloc would respond in kind to further tariffs.
China has finalized new export controls on technologies crucial to making batteries and processing critical minerals, materializing a threat made in the earlier stage of its tradewar with the United States.
These measures could also serve as part of a broader undercurrent to President Donald Trump’s policies on tariffs and, ultimately, could signal the beginning of a new global tradewar.
