Trump Considers 10% Tariffs on China Over Fentanyl, May Target EU Next Month

Jan 21, 2025, 11:30 PM

President Donald Trump announced that his administration is considering imposing a 10% tariff on China, potentially starting on February 1, citing concerns over China sending fentanyl to Mexico and Canada. "We're talking about a tariff of 10 percent on China, based on the fact that they're sending fentanyl to Mexico and Canada," Trump said. He also indicated that tariffs may be imposed on the European Union due to trade imbalances. The administration is currently discussing the implementation of these tariffs, which could take effect as early as next month.