U.S. President Donald Trump has stated that he is considering imposing a 10% tariff on imported goods made in China as early as February 1st. This move has sparked widespread concern in the international trade community and could have a significant impact on the global economy.
President Trump said that the discussions with government departments were "based on the fact that they (China) are sending fentanyl to Mexico and Canada." He believes this poses a serious threat to U.S. national security and public health, thus necessitating corresponding trade measures.
Previously, Trump also threatened to impose a 25% import tariff on Mexico and Canada, accusing them of allowing illegal immigrants and drugs to enter the United States. These statements further demonstrate the Trump administration's tough stance on trade and border security issues.
On his first day in office, the new president also directed federal agencies to review existing trade agreements and identify unfair practices by U.S. trading partners. This move signals that the U.S. may adopt more aggressive trade policies in the future to safeguard its economic interests.