US President Donald Trump has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1 February. Trump said discussions with his administration were "based on the fact that they're sending fentanyl to Mexico and Canada".
President Donald Trump said his team was talking about a 10% tariff on China. He said the duty could take effect as early as Feb. 1. During his campaign for president in 2024, Trump called for levies upward of 60% on China.
The Trump administration is discussing a 10% punitive duty on Chinese imports. Trump said the EU also has troubling trade surpluses with the United States.
It follows threats by Trump to levy import taxes of 25% on Mexico and Canada, accusing them of allowing undocumented migrants and drugs into the US.
Trump's "more benign than expected" tariff policy action "so far" could help bring down mortgage rates, Redfin economist Chen Zhao said.
By David Brunnstrom, Simon Lewis and Alasdair Pal WASHINGTON (Reuters) - The United States, Australia, India and Japan recommitted to working together on Tuesday, after the first meeting of the China-focused "Quad" grouping's top diplomats since President Donald Trump returned to the White House.
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.
Jake Sullivan, the national security adviser, said in an interview that “we’ve just stuck with our theory, which is managed competition.” Trump and Xi Jinping might have other plans.
Trump is now the president again. He has promised a historically busy Inauguration Day.
Donald Trump is now talking of a Feb. 1 deadline for tariffs on China, Canada, Mexico, and perhaps even the EU.