Market
Will the U.S. impose a 10% tariff on Chinese imports by February 1, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the U.S. government or trade department
Story
Trump Considers 10% Tariff on China Imports Starting Feb. 1 Amid Fentanyl Crisis
Jan 21, 2025, 11:54 PM
President Donald Trump announced that his administration is considering imposing a 10% tariff on goods imported from China, effective as early as Feb. 1. This decision is framed as a response to China's role in the U.S. fentanyl crisis, with Trump alleging that China is sending fentanyl to Mexico and Canada, which then enters the U.S. Trump also mentioned that his team is discussing a 25% tariff on imports from Mexico and Canada, to be implemented on the same date, due to concerns over immigration and fentanyl trafficking. During his first term, Trump had already imposed significant tariffs on China, and he criticized the European Union and other countries for having troubling trade imbalances with the U.S.
View original story
