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NOTHING IS PERMANENT EXCEPT CHANGE

Many countries will choose to align themselves with the U.S. if they are forced to take sides, said Fraser Howie, an independent analyst who has written books about China and its financial system. China has made countries in Asia rich, but many nations remain wary of Beijing, said Howie.

Mexico hit back at the United States on Tuesday, imposing tariffs on around $3 billion worth of American pork, steel, cheese and other goods in response to the Trump administration’s steel and aluminum levies, further straining relations between the two countries as they struggle to rewrite the North American Free Trade Agreement.