A potential trade war between the United States and its two neighbors has been thwarted for now, though the U.S.-China status remains murky after both parties implemented tariffs on Tuesday, their leaders yet to speak with one another as of late afternoon.

President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico

Tariffs on energy imports from Canada were set at a lower rate of 10%, a White House official said, to minimize the potential for disruptions in gasoline and home heating prices. The global financial markets are expected to kick off Monday after America's two top trading partners,

The U.S. has been importing about three million parcels a day with little customs inspection, raising concerns about the ease of sending fentanyl.

The US Postal Service says it has suspended the acceptance of incoming international parcels from China and Hong Kong until further notice, threatening the business models of e-commerce giants Shein and Temu.

The U.S. Postal Service said it will resume accepting all inbound mail and packages from China and Hong Kong on Wednesday, a day after temporarily suspending such service.