The USTR said that, while the China had changed some specific unfair measures, the country’s harmful forced technology transfer practices have continued.

Trump has repeatedly said tariffs will create more factory jobs, shrink the federal deficit, lower food prices and allow the government to subsidize childcare. Economists disagree.

For example, the F-150 pickup truck has only 24% of its components made in the U.S, and onshoring production would take many years.

The two sides similarly reached a preliminary agreement in 2019, but never signed it.

According to data from the U.S. International Trade Commission, nearly 25% of U.S. electronics imports came from China in 2023, the most of any country.

The U.S. Commerce Department announced December 2 it will expand the list of companies on the so-called “entity list,” and would limit exports of high-bandwidth memory chips to China.

The addition of the companies to the “entity list” means that U.S. tech vendors will be denied export licenses for sales to them.

“This is a pivotal moment in our history," said Daggett. "The decisions we make today will determine the future for generations to come."

Trump said on social media on November 30 that Trudeau “has made a commitment to work with us” to impede drug trafficking.

The U.S.’s No. 1 trade partner has a plan if Trump does impose tariffs, but Sheinbaum says she doubts it will be necessary to implement.