China’s exports to developing markets have soared, opening indirect routes to the U.S. market that officials in Beijing worry may be closed under pressure from President Trump.

President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy,

Trump tariffs impact global trade, shaking industries and stock markets. Domestic steel and aluminum producers benefit, while automakers and consumers face higher costs. Stock market volatility is rising,