Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.

China has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following President Donald Trump’s decision to impose 10% tariffs.

President Donald Trump made good on his promise to impose steep tariffs on America’s three largest trading partners — Canada, China and Mexico — citing a national emergency on the flow of fentanyl and undocumented immigrants into the United States.