US President Donald Trump has unveiled plans to impose a 10% tariff on Chinese imports starting February 1, a move that analysts warn could spark a trade war.
The announcement comes shortly after Trump declared his intention to introduce a 25% duty on imports from Canada and Mexico, citing concerns over the flow of fentanyl and illegal immigration into the US, according to local media reports.
Speaking at the White House on Tuesday, Trump stated that the 10% tariffs are a response to China’s alleged role in the fentanyl crisis, claiming the substance is being shipped from China through Canada and Mexico into the United States.
“We’re implementing a 10% tariff on China because they’re sending fentanyl to Mexico and Canada,” Trump said.
Analysts caution that Trump’s proposed tariffs on China, Canada, and Mexico could have significant economic repercussions for US industries and potentially trigger a trade war.
During his first term, Trump secured the United States-Mexico-Canada Agreement and negotiated a limited trade deal with China that benefited American farmers, according to The New York Times. He has since suggested plans to renegotiate both agreements if reelected.
In response, Chinese Foreign Ministry spokesperson Mao Ning stated that Beijing would firmly protect its national interests.
“There are no winners in a trade or tariff war, and China will resolutely defend its national interests,” The Global Times quoted Mao as saying.
