US President Donald Trump (R) China President Xi Jinping (L)
Washington: Donald Trump is in action mode after taking oath as US President. President Trump has said that his team is considering imposing a 10 percent tariff on China from February 1. Trump said the decision to impose tariffs on China would be based on whether it was sending fentanyl to Mexico and Canada. ‘Fentanil’ is a type of narcotic which is 50 times more powerful and addictive than heroin.
Consideration of imposing 10 percent duty on China
Donald Trump said during a joint press conference at the White House with Oracle Chief Technology Officer (CTO) Larry Ellison, SoftBank Chief Executive Officer (CEO) Masayoshi Son and Open AI CEO Sam Altman, “We are on China.” “We are considering imposing a 10 percent duty, which will be based on the fact that China is sending ‘fentanyl’ to Mexico and Canada.”
What else did Trump say?
In response to a question, Trump said that he is considering making the tariff effective from February 1. The US President said, “We have been talking about imposing 25 percent duty on Mexico and China.” In response to another question, Trump said that when he spoke to Chinese President Xi Jinping last week , “didn’t talk too much about tariffs.” Asked whether he had asked Jinping to intervene to stop the war in Ukraine, Trump said China had talked a lot about it. Haven’t done much.
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