U.S. President Donald Trump threw a curve ball at China by linking the fentanyl issue to his tariffs on imports. The Chinese government is swinging back.

First it issued a report detailing its efforts to control the illegal trade in fentanyl, specifically the ingredients for the opioid that are made in China. Then, the Chinese foreign minister blasted the U.S. for responding to Beijing's goodwill with tariffs. And this week, Chinese officials expressed their indignation at a rare background briefing with journalists.

Senior European Union officials were in South Africa for a summit Thursday with President Cyril Ramaphosa that centers on bolstering trade and diplomatic ties as both feel the impact of the Trump administration's confrontational foreign policy.

European Commission President Ursula von der Leyen and European Council President António Costa will meet with Ramaphosa at his Cape Town office in the first EU-South Africa summit since 2018.

Vaccines could be a key means of suppressing bird flu and avoiding the slaughter of millions of chickens, which is blamed for egg prices averaging nearly $6 a dozen. But the move has been delayed in part because of concerns it could jeopardize chicken exports worth billions of dollars a year.

The U.S. Department of Agriculture has announced plans to spend $100 million to study bird flu vaccines to fight the disease in concert with meat chicken, egg and turkey groups. That's part of a larger $1 billion effort to invest in more protections to keep the virus off farms that President Donald Trump believes will help lower egg prices.

U.S. President Donald Trump on Thursday threatened to impose 200-percent tariffs on wine, champagne and other alcoholic products from France and other European Union countries in retaliation against the bloc's levies on US-produced whiskey.

"If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES," he posted on his Truth Social platform.

U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump's tariffs are widely expected to keep prices elevated in the coming months.

On Wednesday, the Labor Department is expected to report that in February the consumer price index rose 2.9% from a year ago, according to economists surveyed by FactSet. That would be down slightly from 3% in January and the first drop in five months. It fell to a 3 1/2 year low of 2.4% in September.

Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

The tech-heavy Nasdaq stock index slipped into a correction last week, defined as a 10% drop from its most recent peak. The broader S&P 500 neared that level Tuesday.

President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.

Trump removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10%. His moves, based off a February directive, are part of a broader effort to disrupt and transform global commerce. The U.S. president has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging "reciprocal" rates starting on April 2.

Legal consultant Karim Soaid, the brother of ex-MP Fares Soaid, has emerged as the leading candidate for the central bank governor post.

The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration's increase in tariffs on all steel and aluminum imports to 25%.

The world's biggest trading bloc was expecting the U.S. tariffs and prepared in advance, but the measures still place great strain on already tense transatlantic relations. Only last month, Washington warned Europe that it would have to take care of its own security in the future.

China wrapped up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

A recurring theme throughout the weeklong meeting of the nearly 3,000-member National People's Congress was the need to boost investment and consumer spending.