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    Home»Economy News»Trump Plans New Tariffs on China to Combat Drug Issues
    Economy News

    Trump Plans New Tariffs on China to Combat Drug Issues

    Daniel ChangBy Daniel ChangDecember 3, 202404782 Mins Read
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    Trump Plans New Tariffs on China to Combat Drug Issues
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    President-elect Donald Trump announced plans to impose a 10% tariff on all imports from China, aiming to pressure the country into stopping the flow of illegal drugs into the United States.

    In a statement on Truth.Social, Trump said talks with Chinese officials about curbing drug supplies, especially fentanyl, had not been successful. He claimed that illegal drugs were still entering the U.S. at unprecedented levels, primarily through Mexico. Trump stated that the additional tariff would remain in place until the issue is resolved.

    Trump also suggested he might increase tariffs on Chinese goods to as much as 60%, raising concerns about a possible trade war with China.

    In addition to China, Trump plans to impose a 25% tariff on imports from Canada and Mexico, citing illegal immigration and drug trafficking as key reasons. He said this measure would be implemented as one of his first executive orders after taking office on January 20. Trump emphasized that the tariff would stay in effect until Canada and Mexico take action to stop the drug flow and address illegal immigration into the U.S.

    These announcements reflect Trump’s ongoing focus on strict trade and immigration policies, which were central to his first term and remain a priority as he prepares to take office.

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    Daniel Chang

    Daniel Chang's passion for finance and technology has driven his career in the financial markets. With a background in both quantitative analysis and market strategy, Daniel excels at breaking down complex market movements into actionable insights. He has worked with leading financial institutions and trading platforms, where he has contributed to the development of innovative trading tools and educational content.

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