The Trump administration has numerous tariffs in place, impacting global trade and relations with dozens of countries. Here's what to know.

It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn. China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world.

As U.S. imports from China have declined amid the two countries’ trade war, China has sent more exports to Southeast Asia, Africa, Latin America and elsewhere.

A new report shows a much lower U.S. trade deficit as tariffs restricted both imports and exports, but some experts say the effects may be temporary.

China will in turn cut its own tariffs on Canadian canola products, Prime Minister Mark Carney of Canada said in Beijing on Friday.

China posted a record $1.2 trillion trade surplus in 2025, despite steep tariffs imposed by President Trump on the country’s goods, new customs data released Wednesday showed.  2025’s trade

What happened in 2025 reveals a massive pivot in global trade flows. The tariffs did bite where they were intended: China’s direct exports to the US plummeted by 20% last year, and imports into China from the US fell by 14.6%. But while the front door to the American market was closing, China found other routes.

The Trump administration agreed to lower tariffs on Taiwanese goods, while Taiwan said it would invest more in U.S. manufacturing.