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.
Trump threatens China with 10% tariffs on all goods despite ‘very good’ Xi call - China responds by saying there are ‘no winners in a trade war or a tariff war’
President Donald Trump indicated that he wanted to have more talks with Chinese President Xi Jinping before deciding when to move forward with tariffs
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.
Much has been made of the impending trade war between the United States and China, but the mercurial Trump might surprise us all.
Nio Inc. (NYSE:NIO), and Xpeng Inc. (NYSE:XPEV) rose as much as 3.2% in premarket trading on Friday after President Donald Trump said in an interview with Fox News that he would rather not use tariffs against China.
President Trump announced discussions on a 10% tariff on China starting February 1, citing fentanyl shipments to Mexico and Canada as a reason.
Trump considers imposing 10% tariff on China due to fentanyl exports to Mexico and Canada, effective February 1.
According to the US Drug Enforcement Administration (DEA), fentanyl is a highly addictive synthetic opioid which presents the deadliest drug threat in the country. US President Donald Trump said he is looking at February 1 as the date for imposing the tariffs.
Donald Trump has not yet given any indication that he’ll impose a universal tariff on Day One as part of his blizzard of executive orders.
President Donald Trump could take a slower, more deliberate process in establishing tariffs after promising for months that trade partners would be hit with significant tariffs on his first day in office.
Talking about making a deal over fair trade practices, Trump said that it was possible for him to achieve that with Xi, who he termed as ‘ambitious’.