Chinese tariffs as high as 15% on a range of US agricultural goods take effect Monday, potentially exacerbating a trade dispute between the world’s two largest economies, Bloomberg News reported. The levies announced last week are far-reaching, touching commodities from beef and poultry to grains. Along with the tariffs, Beijing also said it would completely suspend soybean imports from three US entities and also halted purchases of American logs. Beijing’s move came after the Trump administration doubled a blanket tariff on all Chinese exports.

Canada will keep in place its retaliatory tariffs against US-made products as long as President Donald Trump persists with a trade war, said Mark Carney, the Canadian prime minister-designate, Bloomberg News reported. “The Canadian government is rightly retaliating with our own tariffs,” Carney said during his victory speech Sunday.

President Donald Trump said that he may implement reciprocal tariffs on Canadian lumber and dairy products as soon as Friday, threatening again to disrupt trade with a major US partner and reigniting a fight over two industries that have long been the center of cross-border disputes, Bloomberg News reported. “Canada has been ripping us off for years on tariffs for lumber and for dairy products. 250% — nobody ever talks about that — 250% tariff — which is taking advantage of our farmers. So that’s not going to happen anymore,” Trump said Friday in the Oval Office.

On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction. His company was moving a large amount of Ether, a popular digital currency, from one account to another. Thirty minutes later, Mr. Zhou got a call from Bybit’s chief financial officer. In a trembling voice, the executive told Mr. Zhou that their system had been hacked, according to a New York Times analysis. “All of the Ethereum is gone,” he said. When Mr.

China submitted a revised request for dispute settlement consultations with the United States to address new U.S. tariffs applied on goods originating in China, the World Trade Organization said on Wednesday, Reuters reported. The Trump administration's latest tariff hike on Chinese imports has heightened fears of a renewed trade war between the U.S. and China, the world's two largest economies. China's revised request comes after an extra 10% duty on Chinese goods took effect Tuesday, adding to the 10% tariff imposed by U.S. President Donald Trump on February 4.

Telecommunications company Mitel Networks is poised to file for chapter 11 bankruptcy protection imminently, Bloomberg News reported. The privately held Canadian company is currently engaged in intricate debt restructuring negotiations with its creditors, driven by persistent revenue declines and impending debt maturation. These details were disclosed by sources who requested anonymity due to the sensitive nature of the information. Mitel’s debt instruments are experiencing unprecedented depreciation, with financial intermediaries effectively valuing the loans as negligible.

U.S. tariffs that took effect on Tuesday are threatening to derail Canada's fledgling economic recovery and will fuel a rise in consumer prices and unemployment, potentially triggering a recession, Reuters reported. Canada relies on the United States for 75% of its exports and a third of all imports. Its dependency on trade for economic growth leaves Canada vulnerable to a protracted trade war. The Canadian economy had started showing signs of improvement after several anemic quarters thanks to six consecutive interest rate cuts from the Bank of Canada.

U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and lift prices for Americans still smarting from years of high inflation, Reuters reported. The tariff actions, which look set to upend nearly $2.2 trillion in annual U.S. trade with its top three trading partners, went live at 12:01 a.m. (0501 GMT).

Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his tariffs on Canadian imports were "a very dumb thing to do" and said Ottawa was striking back immediately at its closest ally, Reuters reported. Trudeau, who is stepping down at the end of the week, also accused Trump of wanting to ruin the Canadian economy. Trudeau, speaking hours after Trump launched a trade war against Mexico and Canada, announced immediate 25% tariffs on C$30 billion worth of U.S. imports. If need be, Canada will target another C$125 billion worth in 21 days' time, he said.

An investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in Panama that are owned by a Hong Kong company and that have become the subject of tensions between Panama and the Trump administration, the New York Times reported.