Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies.

US President Trump doubled the tariff on all Chinese imports to 20% earlier this month, which could lead to Chinese companies flooding other markets with cheaper products, including chemicals..Indian chemicals companies might also feel the heat of potential reciprocal tariffs by the US.

President Donald Trump has promised a massive escalation of his global trade war on April 2, when far-reaching tariffs will be imposed on nations around the world

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.

Ensuring that China’s 1.4 billion citizens are adequately fed continues to top the policy agenda. While the Asian giant remains a key export market for largely Republican states in the Midwest farm belt, Beijing’s efforts to reconfigure supply chains after the trade war during the first Trump presidency have weakened Washington’s leverage.

Canadian lumber company Transpac Group confirmed on Mar. 13 that it’s largely shutting down its site on Afognak Island near Kodiak, effective immediately. Representatives of the company say that’s because earlier this month, China halted imports of U.S. logs in response to tariffs President Donald Trump imposed on Chinese goods.

The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.