U.S. Defense Secretary Pete Hegseth has asked some parts of the military to propose what could be cut as part of a potential 8% spending reduction for them over each of the next five years, U.S. officials said on Wednesday, although it was unclear if the total defense budget would shrink.

China hits back with export controls, Canada and Mexico remain under threat. USPS closes then reopens "de minimis" small package loophole

Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.