Wed, 22 Jan 2025

Trump considers 10% tariff on China from February

The new president accused Beijing of sending fentanyl to Mexico and Canada which ends up in the US.

* US President Donald Trump considers imposing 10% tariff on Chinese-made goods from Feb 1
* Discussions with administration based on China sending fentanyl to Mexico and Canada
* Trump threatens tariffs of up to 25% on Mexico and Canada for allowing undocumented migrants and drugs into the US
* EU will also face tariffs, according to Trump, who claims they treat the US unfairly
* Trump orders review of trade deals and identifies unfair practices by trading partners
* Chinese Vice Premier Ding Xuexiang calls for "win-win" solutions to trade disputes at Davos forum
* Canadian Prime Minister Justin Trudeau vows to fight back with counter-tariffs worth billions if US imposes tariffs
* Top US trading partners are Canada, China, and Mexico
* Tariffs are a key part of Trump's economic plans to boost growth, protect jobs, and raise tax revenue
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