Trump Eyes Tariffs Amid Trade Tensions with China, Neighbors

Donald Trump announced plans to impose a 10% tariff on Chinese imports starting February 1. Speaking at the White House, he attributed the decision to allegations that China was funneling fentanyl—a drug fueling global crises—into the U.S. via Mexico and Canada. Earlier, he threatened 25% tariffs on Mexico and Canada, blaming them for enabling the flow of drugs and undocumented migrants into the country. Meanwhile, China’s Vice Premier signaled a desire for a “win-win” resolution and emphasized expanding imports. While tariffs were a cornerstone of Trump’s campaign, analysts caution they could spike consumer costs and provoke retaliatory trade measures.