U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.

Trump has extended his trade truce with China. Apart from its control over the rare-earth elements market, Beijing has used its power as a major agri-commodities importer to push the US to continue ne

Trump threatened China with tariffs as high as 145% in April, provoking retaliatory tariffs of 125% from Beijing, before a temporary truce in May lowered tax rates to 30% on Chinese imports and 10% on U.S. goods.