On the campaign trail, Mr Trump promised a 10 per cent to 20 per cent charge on all imported goods and 60 per cent on Chinese products. He also vowed a 25 per cent tariff on all products from Canada and Mexico, and an additional 10 per cent duty on Chinese goods.

Trump underscored his intention to use tariffs, a tax on foreign goods, as a tool of international economic policy and an increasingly vital source of government revenue.

President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.

By David Lawder, Andrea Shalal and Jarrett Renshaw WASHINGTON (Reuters) -President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb.

Chinese markets were relieved after Beijing avoided an instant blizzard of executive orders, but Mexico's peso and Canada's dollar weren't so lucky.

MOST Asian markets extended a global rally on Wednesday as investors gave a cautious welcome to Donald Trump’s first full day in office amid hopes he will take a more cautious approach on trade than initially feared.

Within hours of his return to the White House, Trump (pictured) signed a flurry of executive orders and signalled an era of upheaval for the world economy.

As Donald Trump is sworn in as the 47th president, he's not expected to impose China-specific tariffs on his first day in office, signaling a strategic shift toward engagement with Beijing rather than reigniting a trade war.

Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.

The Americas, China and Europe have developed playbooks to react to the aggressive tariffs that U.S. President-elect Donald Trump is threatening. Retaliation is inevitable.

EU chief Ursula von der Leyen declared Tuesday that Europe was ready to negotiate with the United States and seek to improve ties with China as Beijing warned against damaging trade wars in the face of Donald Trump's protectionism.