On the campaign trail, Mr Trump promised a 10 per cent to 20 per cent charge on all imported goods and 60 per cent on Chinese products. He also vowed a 25 per cent tariff on all products from Canada and Mexico, and an additional 10 per cent duty on Chinese goods.
President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.
US President Donald Trump has relaunched the trade war with China, by threatening to impose a 10 per cent duty on imports from Beijing, AFP reported. In his second term, Donald Trump has hinted of imposing a 10% tariff on imports of Chinese-made goods from February 1.
President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.
The memo will single out China, Canada and Mexico for scrutiny but will not announce new tariffs, the official said. It will direct agencies to assess Beijing's compliance with its 2020 trade deal with the U.S., as well as the status of the U.S.-Mexico ...
The reports from the secretaries of commerce and treasury and the chief trade negotiator are due April 1. The United States might impose “tariffs of 25, 30, 40, 50 percent, even 100 percent” on Chinese goods if Beijing balks at a potential resolution of U.S. concerns over TikTok’s Chinese ownership, Trump said.
U.S. stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on U.S. dominance and spending in one of the market's hottest sectors.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
A winning strategy for Trump could involve imposing early punitive tariffs on Chinese imports and even on imports from Chinese firms operating in neighboring countries such as Mexico.
But don’t be misled by the aggrieved tone of this commentary. China’s leaders must be quietly satisfied with Mr Trump’s start. The new president did not impose fresh tariffs on day one, as some in Beijing had feared. China’s currency did not weaken. And though the Chinese stockmarket wobbled, it did not plunge.
China's Xi JInping will attempt to use Donald Trump's penchant for transactional deal making in order to avoid new export restrictions and support for Taiwan.