
Trump Considering A 10% Tariff On Chinese Imports
In his second day in office, President Donald Trump aimed at China and the European Union with tariff threats. This all came just a day after putting Canada and Mexico in the tariff bullseye.
According to Bloomberg, White House officials are discussing a 10% tariff on China, based on "the fact they’re sending fentanyl to the U.S. through Mexico and Canada". In response to the tariff threat, Farm Policy News says China is “willing to maintain communication with the U.S. to properly handle differences and expand mutually beneficial cooperation.”
While the U.S. is China’s largest trading partner, China’s imports from the U.S. dropped 0.1% in dollar terms last year while exports grew 4.9%. China’s trade surplus with the U.S. was $361 million in 2024, higher than the $316 million reported in the last year of President Trump’s first term.
President Trump’s first action on trade was ordering an investigation into U.S.-China trade.
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