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US President Donald Trump has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1 February. <\/p>\n
Trump said discussions with his administration were “based on the fact that they’re sending fentanyl to Mexico and Canada”.<\/p>\n
He called China an “abuser”. China responded saying trade wars have “no winners”.<\/p>\n
Despite the aggressive talk, the 10% tariff would be much less than the 60% tariff Trump mentioned on the campaign trail.<\/p>\n<\/div>\n
Trump’s comments followed his threats to levy import taxes of 25%<\/a> on Mexico and Canada, accusing them of allowing undocumented migrants and drugs to come into the US.<\/p>\n In a press conference in Washington on Tuesday, Trump also vowed to hit the European Union with tariffs.<\/p>\n He said the EU “treat us very, very badly”. <\/p>\n “So they’re going to be in for tariffs. It’s the only way you’re going to get back. It’s the only way you’re going to get fairness.”<\/p>\n China’s foreign ministry spokeswoman Mao Ning responded to Trump’s threats by promising to “safeguard its national interests”.<\/p>\n “We have always believed that trade wars and tariff wars have no winners,” she added.<\/p>\n Shortly after he was sworn in on Monday, the new president also instructed federal agencies to conduct a review of existing trade deals and identify unfair practices by US trading partners.<\/p>\n Meanwhile, a top Chinese official spoke out against protectionism at the World Economic Forum in Davos.<\/p>\n