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.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

If enacted, they would violate the 2020 deal that the United States inked with Canada and Mexico during Donald Trump’s first term.

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.