U.S. President Donald Trump announced on Tuesday that he is considering imposing 10% tariffs on Chinese imports starting February 1. Speaking at a White House event, Trump cited concerns over the flow of illicit drugs, including fentanyl, from China to the U.S. via Mexico and Canada.
Trump also mentioned potential tariffs of up to 25% on imports from Mexico and Canada, emphasizing similar concerns. Additionally, he raised the possibility of targeting the European Union with tariffs, citing trade imbalances with the U.S.
During his presidential campaign, Trump vowed to impose steep tariffs to strengthen U.S. trade dominance, threatening rates as high as 60% on China and 100% on Mexico and Canada. However, contrary to expectations, he refrained from issuing any tariff-related executive orders on his first day in office.
The proposed 10% tariff on Chinese imports is significantly lower than Trump’s campaign promises. Nonetheless, this move aligns with his broader strategy to address trade imbalances and curb drug trafficking through economic measures.
Trump’s statements reflect his commitment to reshaping trade policies and protecting domestic industries while tackling critical issues like drug smuggling. However, his approach has sparked debates over potential repercussions for global trade and U.S. relations with major economies.
The proposed tariffs, if implemented, could have wide-reaching effects on international trade dynamics, particularly with China, Mexico, Canada, and the EU. Businesses and global markets are closely watching for further developments as the February 1 deadline approaches.
Trump’s tariff threats signal his administration's focus on leveraging trade measures to address economic and national security concerns, setting the tone for his presidency’s trade agenda.


UN Warns Gaza Humanitarian Aid at Risk as Israel Registration Rules Threaten NGO Operations
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices
Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks
Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate
Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency
Kennedy Center Reportedly Renamed Trump-Kennedy Center After Board Vote
Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 



