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China accuses US of fentanyl 'blackmail' after latest tariff threat
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Trump Plans Another 10% Tariff on Products From China
Trump's extra 10% China tariff is about fentanyl: Peter Navarro
Senior Trump trade and manufacturing advisor Peter Navarro explains the president's tariffs on Mexico and Canada while doubling China's surcharge on 'Varney & Co.'
President Donald Trump plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10% universal tariff charged on imports from China. In a Truth Social post Thursday, Trump said illicit drugs such as fentanyl are being smuggled into the United States at “unacceptable levels" and that import taxes would force other countries to crack down on the trafficking.
Spokane Police Chief Kevin Hall told the U.S. Senate on Wednesday that the economic toll of fentanyl is staggering as China smuggles precursors into Mexico for the cartels to ship north. His testimony followed a news release Tuesday from the Centers for Disease Control and Prevention,
Citing the unchecked flow of fentanyl, he plans to levy a 25% tariff on most products from our northern and southern neighbors. China faces an additional 10% levy.
In a post to Truth Social, President Donald Trump blamed Canada, Mexico and China for 100,000 deaths in 2024 caused by fentanyl and other drugs and vowed to take action starting next week.
Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at "unacceptable levels" and that import taxes would force other countries to crack down on the trafficking.
A lack of trust and the whack-a-mole nature of stamping out the chemicals used to make the drug help explain why the war against fentanyl has been so intractable.
China may introduce a round of retaliatory tariffs against the United States if Washington follows through on threats to raise duties on Chinese imports by another 10 per cent, Goldman Sachs has predicted.
President Trump's administration is set to hit Mexico, Canada and China with new tariffs on Tuesday, but the levels remain unclear.
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
President Trump has doubled tariffs on China to 20% and confirmed 25% duties on imports from Mexico and Canada, citing fentanyl trafficking and trade imbalances.
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