American News
China and US are at each other’s throats on tariffs, and neither is backing down
American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of here altogether.
This is especially bad for US agricultural producers. They already had 10 or 15% tariffs on their produce entering China, in response to the last round of Trump tariffs. Now, if you add 34% on top of that, it is probably pricing most of them out.
Beijing doesn’t seem too worried about looking elsewhere for more chicken, pork and sorghum and – at the same time – it knows it is whacking the US president right in his heartland.
Globally, all of this has analysts worried.
The problem is that supply chains have become so international, components in any given product could be sourced from all corners of the planet.
So, when the ripples of economic distress start spreading from country to country, it could have potentially catastrophic consequences for all trade.
- Live updates: Markets and reaction to Trump tariffs
- Full list: See all Trump tariffs by country
- Watch: Why Trump’s tariffs aren’t really reciprocal

Most concerning is that the world’s two greatest economies are now at each other’s throats with no indication that either is preparing to backdown.
Just take the timing of Beijing’s announcement.
The Chinese government revealed its promised “resolute countermeasures” to Trump’s latest tariffs in a written statement from the finance ministry at 18:00 local time (10:00 GMT), on a Friday night, which is also a public holiday.
The timing could mean several things.
1. It wanted to somewhat bury the news at home, so as to not spook people too much.
2. It simply made the announcement as soon as its own calibrations had been finalised.
3. Beijing had given up on the hope of using the small window it had before Trump’s 54% tariffs on Chinese goods took effect next week to do a deal. So, the government just decided to let it rip.
If it is the last of these reasons, that is pretty bleak news for the global economy because it could mean that a settlement between the world’s superpowers could be harder to reach than many had expected.
Another indicator of President Xi’s attitude towards President Trump’s tariffs can be seen by what he was doing when they were announced.
Elsewhere, governments may have been glued to the television, hoping to avoid the worst from Washington.
Not here.
Xi and the six other members of the Politburo Standing Committee were out planting trees to draw attention to the need to counter deforestation.
It presented a kind of calmness in the face of Trump, giving off a vibe along the lines of: do your best Washington, this is China and we’re not interested in your nonsense.
There is still room for the US and China to cut some sort of deal, but the rhetoric does not seem to be heading that way.
Another possible path is for China to increase its trade with other countries – including western nations once seen as close allies of the US – and for these new routes to essentially cut America out of the loop.
Again, this would hurt not only US companies but also US consumers who will already be paying higher prices thanks to Trump’s tariffs.
Taken From BBC News
American News
Armed man killed after entering secure perimeter of Trump’s residence, Secret Service says
An armed man has been shot dead after entering the secure perimeter of US President Donald Trump’s Mar-a-Lago residence in Florida, the Secret Service has said.
The man was carrying a shotgun and fuel can when he was stopped and shot by Secret Service agents and a Sheriff’s deputy, authorities said.
The incident happened around 01:30 ET (06:30 GMT) on Sunday morning, when the president was in Washington DC.
The suspect has been named as Austin T Martin of Cameron, North Carolina, according to the BBC’s US partner CBS.
His family in North Carolina had reported him missing in the early hours of Sunday morning, the Moore County Sheriff’s Office said in a statement to the BBC.
The missing persons information has since been turned over to federal authorities, the sheriff’s office said.
They added that the department had no prior history involving Martin and it was not involved in the Florida investigation.
Officials are looking into whether he bought the gun along the driving route he took from North Carolina to Florida, according to CBS.
Secret Service agents fired at him after they saw him “unlawfully entering the secure perimeter at Mar-a-Lago early this morning”, agency spokesman Anthony Guglielmi posted on X.
The suspect “was observed by the north gate of the Mar-a-Lago property carrying what appeared to be a shotgun and a fuel can”, the agency said in a statement.
The man was then shot after refusing orders, Palm Beach County sheriff Ric Bradshaw said.
“The only words that we said to him was ‘drop the items’ which means the gas can and the shotgun,” Bradshaw told a news conference.
“At which time he put down the gas can, raised the shotgun to a shooting position,” he said.
At that point, agents fired their weapons to “neutralise the threat”, he said.

The officers were wearing body cameras and no law enforcement officers were injured, he added.
Bradshaw said that he does not know if the suspect’s gun was loaded, and that will form part of an investigation, which the FBI will be assisting in.
US Secret Service Director Sean Curran travelled to Florida on Sunday for “after-actions” and has “reinvigorated operational communication and agency response to critical incidents”, the agency said in a post on X.
Security at Mar-a-Lago is extremely tight, with an outer cordon of local Palm Beach sheriffs and an inner one maintained by the Secret Service. Visitors are searched, and cars and bags are swept by dogs and metal detectors.

Trump has been the target of several assassination plots or attempts.
In July 2024, Trump was shot in the ear as he stood in front of crowds in Butler, Pennsylvania. One bystander was killed and two were injured in the shooting. The shooter, 20-year-old Matthew Crooks, was immediately shot and killed by security forces and his motive remains unknown.
Months later, a US Secret Service agent spotted a rifle sticking out of bushes at Trump International Golf Club in West Palm Beach. The man, later identified as Ryan Routh, fled but was caught. The 59-year-old was sentenced to life in prison earlier this month for attempting to assassinate the president.
During an appearance on Fox Business after the fatal incident, Treasury Secretary Scott Bessent blamed the the political left for “normalising” political violence, citing the two attempts on Trump’s life in 2024,
“Two would-be assassins dead, one in jail for life, and this venom coming from the other side,” Bessent said, adding: “They are normalising this violence. It’s got to stop.”
Political violence has become a prominent issue in the US, sparking debate after a series of other high-profile incidents last year, including Pennsylvania Governor Josh Shapiro’s mansion being set on fire, the fatal shootings of a Democratic lawmaker and her husband in Minnesota and the public shooting of right-wing activist Charlie Kirk.
American News
Violence erupts in Mexico after drug lord El Mencho killed
A wave of violence has broken out in Mexico after the country’s most wanted drug baron was killed in a security operation to arrest him involving US intelligence.
Nemesio Oseguera Cervantes, known as “El Mencho”, was the leader of the feared Jalisco New Generation (CJNG) drug cartel and died after being seriously injured in clashes between his supporters and the army on Sunday.
Four CJNG members were killed during the operation in the town of Tapalpa, in the central-western Jalisco state, and three army personnel were also injured, the Mexican defence ministry said.
Retaliation for the drug lord’s death has seen violence spread to at least a dozen states, with CJNG blocking roads with burning vehicles.
Throughout Sunday, there were reports of gunmen on the streets in Jalisco and elsewhere.
Eyewitnesses filmed plumes of smoke rising over several cities including Guadalajara – one of the host cities of the forthcoming Fifa World Cup.
Jalisco’s Governor Pablo Lemus Navarro declared a code red in the state, pausing all public transport and cancelling mass events and in-person classes.
Tourists who spoke to Reuters described the resort town of Puerto Vallarta, Jalisco, as a “war zone”.
Some 250 roadblocks were in place across the country during the unrest, with 65 in Jalisco, the BBC’s US news partner CBS reported. In its latest update, the Mexican Security Cabinet said four blockades remained active in Jalisco.
The cabinet says 25 people have been arrested, 11 for their alleged participation in violent acts and 14 more for alleged looting and pillaging.
Shops were on fire and about 20 bank branches were attacked in the violence, it added.

Mexican President Claudia Sheinbaum said there was “absolute coordination” between state and federal officials in response to the violence, urging people to stay “calm and informed”.
Sheinbaum added that “in most parts of the country, activities are proceeding normally”.
Several airlines have cancelled flights to Jalisco, including Air Canada, United Airlines and American Airlines.
The US has warned its citizens to shelter in place in five states: Jalisco, Tamaulipas, areas of Michoacán, Guerrero and Nuevo Leon.
The UK government said “serious security incidents” had been reported in Jalisco, adding “you should exercise extreme caution” and follow the advice of local authorities.
Late on Sunday night, US Press Secretary Karoline Leavitt said El Mencho was a “top target for the Mexican and United States government as one of the top traffickers of fentanyl into our homeland.”
She said three cartel members had been killed, another three wounded and two arrested in the operation, for which the US had provided intelligence.

El Mencho, a 59-year-old former police officer, ran a vast criminal organisation responsible for trafficking huge quantities of cocaine, methamphetamine and fentanyl into the US.
The US State Department had offered a $15m (£11.1m) reward for information leading to El Mencho’s capture.
In a statement, the Mexican defence ministry said the operation was “planned and executed” by the country’s special forces.
Mike Vigil, former Chief of International Operations for the US Drug Enforcement Administration, described the operation as “one of the most significant actions undertaken in the history of drug trafficking”. He was speaking to CBS, the BBC’s US news partner.
American News
Trump Tariffs Ruled Unlawful
Paris (Imran Y. CHOUDHRY) :- Former Press Secretary to the President, Former Press Minister to the Embassy of Pakistan to France, Former MD, SRBC Mr. Qamar Bashir analysis : On February 20, 2026, the United States Supreme Court delivered a historic rebuke to presidential power, striking down the sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA). By a 6–3 vote, the Court ruled that the 1977 law—designed to address extraordinary foreign threats during national emergencies—does not authorize a president to impose broad, open-ended tariffs. Chief Justice John Roberts wrote that while the president may “regulate” commerce under IEEPA, the statute contains no explicit reference to tariffs or duties. To read such vast taxing authority into two scattered words would, the Court concluded, represent a transformative expansion of executive power.
The decision did not touch tariffs imposed under other statutes, but it invalidated the most sweeping component of President Donald Trump’s tariff regime. Importantly, the Court declined to rule on whether or how the federal government must refund the enormous sums already collected. That question now looms as the most explosive consequence of the ruling.
For President Trump, tariffs were not merely policy—they were the centerpiece of his election campaign and a defining feature of his mandate. He framed them as a weapon to reclaim economic leverage from countries he argued had exploited American workers and industries. The message resonated with voters who felt the brunt of globalization. Tariffs were presented as a tool to rebuild manufacturing, force fair trade, and reassert American dominance.
Yet the mechanics of tariffs tell a different story. Tariffs are not paid by foreign governments; they are paid at U.S. ports by American importers. Over time, those costs either reduce corporate profit margins or are passed on to consumers in the form of higher prices. By late 2025 and early 2026, estimates suggested that more than $200 billion had been collected under the IEEPA-based tariffs alone. That staggering figure now hangs in legal limbo.
If the courts ultimately require refunds, the financial implications will be enormous. Even if a conservative estimate of $160–175 billion is used, the repayment obligation would constitute one of the largest refund processes in modern U.S. fiscal history. The U.S. Treasury would face a substantial budgetary shock. For small and medium-sized businesses, however, refunds could represent desperately needed relief.
Consider the arithmetic: if $160 billion were distributed across even 200,000 importing firms, the average recovery would approach $800,000 per business. For many small manufacturers, wholesalers, and retailers operating on thin margins, such sums could mean rehiring workers, paying down debt, restoring inventory levels, or reinvesting in domestic operations.
Consumers, too, stand to benefit—though less directly. If even half of the tariff burden was passed on through price increases, households may have absorbed tens of billions of dollars in higher costs across groceries, appliances, auto parts, clothing, and everyday goods. The removal of unlawful tariffs could reduce price pressures and contribute to a modest easing of inflationary strain. While not a silver bullet, it would remove a structural cost layer embedded in supply chains.
Internationally, the ruling has complex implications. Countries such as Canada, Mexico, China, and members of the European Union were among the largest trading partners affected by the IEEPA tariffs. While they will not receive refund checks—because tariffs were paid by U.S. importers—the decision reduces friction in trade relationships. Canada, whose political relationship with Washington had grown tense over tariff disputes, may see this as an opportunity to recalibrate economic ties. European officials have already emphasized stability and predictability as priorities.
China, the largest source of targeted tariff revenue, will interpret the ruling as a constraint on unilateral American economic pressure. However, the decision does not eliminate other statutory tools such as Section 232 or Section 301, which remain available for targeted trade actions. Thus, the global message is not that America is retreating from trade leverage, but that its use must operate within clearer legal boundaries.
Domestically, the political impact is profound. Trump’s tariffs symbolized strength to his supporters and disruption to his critics. Now, the Supreme Court has reframed the issue from policy preference to constitutional authority. Democrats are likely to argue that the president imposed an unlawful tax on American businesses and consumers. Republicans may counter that the Court has weakened the executive’s ability to defend national economic interests.
Midterm elections will test which narrative prevails. If businesses begin receiving refunds and consumer prices ease, opponents of the tariff strategy may gain momentum. If, however, the administration pivots successfully to alternative statutory authorities and reestablishes elements of its trade framework, Trump may argue that the Court merely required procedural adjustments rather than policy abandonment.
Financial markets reacted swiftly and positively to the ruling, with equities rising on expectations of reduced trade uncertainty. Investors interpreted the decision as a move toward stability. Markets favor predictability, and the invalidation of sweeping emergency tariffs reduces the risk of abrupt cost shocks.
The ruling may also ripple through broader geopolitical calculations. In disputes involving Iran, Ukraine, NATO commitments, and trade alignments, allies and adversaries alike will note that American executive power is subject to judicial limits. The image of unrestrained economic unilateralism has been tempered. That could encourage diplomatic recalibration on multiple fronts.
Yet this is far from the end of tariff politics. Several federal statutes still grant the president authority to impose tariffs under defined conditions. Congress itself could legislate new trade measures. Justice Brett Kavanaugh’s dissent emphasized that the ruling might not significantly constrain future tariff actions if grounded in other statutory frameworks. In other words, the strategy may evolve rather than disappear.
The broader lesson extends beyond trade. The Court’s decision underscores a foundational principle of the American constitutional system: Congress holds the power to tax, and any delegation of that power must be explicit and limited. Emergency authority cannot become a blank check for transformative economic policy.
This moment may serve as a wake-up call. For the presidency, it is a reminder that campaign mandates must operate within constitutional boundaries. For Congress, it is a challenge to reclaim and exercise its Article I powers responsibly. For the United States globally, it signals that even in matters of economic warfare, the rule-based system still functions.
Trade disputes, geopolitical tensions, and domestic political battles will continue. But the Supreme Court’s ruling has drawn a bright line: power, however forcefully claimed, must rest on lawful authority. In doing so, the Court has not merely reshaped a tariff regime. It has reaffirmed the principle that in the United States, economic strategy—no matter how popular—cannot outrun the Constitution.
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