US President Donald Trump and Chinese leader Xi JinpingChip Somodevilla/Getty Images, Buda Mendes/Getty ImagesUS President Donald Trump said he could impose 10% tariffs on Chinese goods from February 1.China's stock markets fell after Trump's comments, breaking several straight days of gains.Trump had said he could slap tariffs of 25% on Canada and Mexico from February 1.On his first day in office, President Donald Trump signed a raft of executive orders and threatened Canada and Mexico with 25% tariffs that could come as soon as next month.China got a pass on day one, but the break didn't last long.On Tuesday, his second day in office, Trump said he could impose tariffs on China next month."We're talking about a tariff of 10% on China, based on the fact that they're sending fentanyl to Mexico and Canada," Trump said at a press conference."Probably February 1 is the date we're looking at," Trump said.Trump previously threatened 60% tariffs on Chinese goods while on the campaign trail.China is calling for better dialogue and cooperation for mutual benefit."Keeping business ties sound and stable serves the fundamental interests of both countries and both peoples, it is also conducive to global economic growth," China's Foreign Ministry spokesperson, Guo Jiakun, said at a scheduled press conference on Tuesday.China's stock markets fell on Wednesday following Trump's comments, breaking several straight days of gains.The CSI300 Index closed 0.9% lower.
Trump Gave Beijing A One-day Break Before Saying He Could Hit China With Tariffs Starting In February
htan@insider.com (Huileng Tan), Business Insider
Wed, 01/22/2025 - 2:44am
Topics: american first xi jinpingchip somodevilla/getty images buda mendes/getty imagesus president donald trump february 1.china february 1.on canada trump probably february china's foreign ministry guo jiakun csi300 index hong kong's hang seng index us trade representative nomura business insider president donald trump chinese trump china canada mexico china's european union break tariffs day impose deal straight fell goods original comments countries days stock markets threatened signed tuesday office memo closed economists compliance press
BING NEWS:
- Canada will ‘respond robustly’ if Trump imposes ‘unfair tariffs,’ says PM Trudeau
Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.
01/21/2025 - 8:17 am | View Link - Trump Says He's Thinking of 25% Tariffs on Mexico, Canada
U.S. President Donald Trump on Monday said he was thinking of imposing 25% tariffs on imports from Canada and Mexico because they were allowing many people to cross the border as well as fentanyl. He said the action could come on Feb.
01/20/2025 - 12:07 pm | View Link - More
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