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.

Chinese Ministry of Commerce on Tuesday vowed to retaliate against fresh US import tariffs set to take effect later in the day. This was as it reiterated its stance that the Trump administration was trying to shift the blame and bully Beijing over fentanyl flows.

President Donald Trump escalated his trade offensive against China on Monday, announcing an amendment to Executive Order 14195 that hikes tariffs on Chinese imports from 10% to 20%, citing Beijing’s failure to curb the flow of fentanyl and other synthetic opioids into the U.

US President Donald Trump doubled tariffs on Chinese goods. The Chinese Ministry of Commerce has already responded and promised to take countermeasures in response to Washington's new import duties, which will come into effect today,

With these tariffs taking effect, consumers may soon see price increases on a range of products, from groceries to gasoline.

U.S. President Donald Trump reiterated Monday that his administration will start imposing "reciprocal" tariffs early next month, as he has been pushing to announce new country-by-country tariff rates that will be pegged to trading partners' tariffs and non-tariff barriers.