China has appointed a new trade negotiator in the midst of its tariff fight with the United States as the world’s two largest economies steadily increase tariffs on each other’s goods.

China on Wednesday named Li Chenggang as vice minister of commerce and the new international trade negotiation envoy amid an ongoing trade war with the United States.

China on Wednesday unexpectedly appointed a new trade negotiator key in any talks to resolve the escalating tariff war with the United States, replacing trade tsar Wang Shouwen with its envoy to the World Trade Organization.

Coffee prices are expected to rise as a 10% tariff universal tariff on products imported to the U.S. went into effect on April 5. The added tariff hits at a time when prices of raw whole beans from major coffee-producing countries like Brazil and Vietnam are up due to climate conditions.

Ford Motor Company F is preparing to increase prices on vehicles starting with those produced in May 2025 if President Donald Trump doesn't follow through on the tariff relief he's suggested for automakers.

Ford Motor may raise prices on its new vehicles if President Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2.