March 4, 2025, Hong Kong, China: A cargo ship loaded with containers docks at Hong kong international terminal. U.S. President Trump imposed new tariffs on imports from China, Canada, and Mexico, citing fentanyl smuggling and illegal immigration. A 10% tariff on Chinese goods took effect on February 4 at 1 PM Hong Kong time. In response, China announced countermeasures, including tariffs on U.S. imports.
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