China Moves to Bolster Currency Despite Trump Tariffs

China's retaliatory tariffs are a calibrated response rather than an outright escalation,

Julien Chaisse, professor at City University of Hong Kong specialising in international economic law, told Al Jazeera

We have offered the United States of America the opportunity to outsource part of its prison system. We are willing to take in only convicted criminals (including convicted U.S. citizens) into our mega-prison (CECOT) in exchange for a fee. The fee would be relatively low for the U.S. but significant for us, making our entire prison system sustainable."

He said in a post on X

That said, much will depend on Washington's interpretation of these measures. If the US views them as a calibrated step leaving room for negotiation, this could set the stage for discussions rather than further escalation. However, if Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict,

he added

If talks between the two take place in the coming days, there is room for adjustments, partial exemptions or reciprocal gestures that could prevent a further spiral in trade tensions,

he said

Canada is very tough. They're very, very tough to do business with, and we can't let them take advantage of the U.S.,

he told reporters on Monday

We want to ensure that our supply management system is not affected, because it ensures a stable environment for the industry, it ensures a good product for consumers and good prices,

Langlois said

I think this time the Americans will arrive much more prepared ... at the negotiating table,

Boivin said

We will certainly see a fight. It will be a titanic battle,

said Lawrence Herman, an international lawyer and senior fellow at the C.D. Howe Institute

I think supply management will be protected in Canada,

he said in an interview

It's a reflection of the egregious hold that the dairy farmers of Canada have on politicians in Ottawa,

he said

I think that there will be serious, serious pressure from the Americans for Canada to not only give American dairy exporters greater access, but to do away with supply management entirely,

he said

I think most Canadians and most people recognize that food is not just another widget,

she said

Canada ... treats our dairy farmers horribly. That's got to end,

he said

We have always said that we would protect supply management,

she said

We would be flooded with dairy products, egg products and poultry products from the United States and elsewhere,

she said

The Trump tariffs will make gas prices go up, and we should not listen at all to Donald Trump when he says it's about stopping fentanyl,

Schumer said

WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID."

In response to Americans absorbing costs from the tariffs, Trump said in a post Sunday on Truth Social

Nearly 10,000 frontline personnel are and will be working on protecting the border,

Trudeau said in a social media post on X on Monday

China, Mexico, and Canada are our three largest trading partners,

Coons said in a statement Friday

President Trump kickstarted a golden age of higher costs for American families with his 25% tariffs on Canada and Mexico,

Schumer said Monday on the Senate floor