Donald Trump is considering imposing 10% tariffs on China from February

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US President Donald Trump said he is considering imposing 10% tariffs on imports of Chinese-made goods by February 1.

Trump said discussions with his administration “are based on the fact that they are sending fentanyl to Mexico and Canada.”

This came after Trump’s threats Imposing taxes on imports at a rate of 25% on Mexico and Canada, accusing them of allowing illegal immigrants and drugs to enter the United States.

At a news conference in Washington on Tuesday, Trump also pledged to impose tariffs on the European Union.

He added: “China is a violator, but the European Union is very bad for us.”

“They are treating us very badly. So they will be hit with tariffs. It’s the only way you’ll get back. It’s the only way you’ll get justice.”

Shortly after being sworn in on Monday, the new president also instructed federal agencies to conduct a review of current trade deals and identify unfair practices by US trading partners.

Meanwhile, a senior Chinese official spoke out against protectionism at the World Economic Forum in Davos.

Chinese Vice Premier Deng Xuexiang called for “win-win” solutions to trade disputes, without mentioning the United States.

Trump had promised during his election campaign to impose tariffs of up to 60% on Chinese goods.

Canadian Prime Minister Justin Trudeau promised a response.

“If the (US) president chooses to go ahead with tariffs, Canada will respond, and everything is on the table,” Trudeau said.

Ottawa is preparing counter-tariffs in response to the threat, which are said to be worth billions of dollars.

Canada, China, and Mexico are among the most important trading partners of the United States.

Tariffs are an important part of Trump’s economic plans. The president believes they can boost growth, protect jobs and increase tax revenues.

But many economists say such measures could lead to higher prices for Americans and hurt companies hurt by foreign retaliation.



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