January 22, 2025
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Economy

Trump expanded his threats of tariffs on China and Europe on his second day in office

President Donald Trump expanded his tariff threats to include China and the European Union on his second day in office after targeting Canada and Mexico on his first day.”, — write: epravda.com.ua

President Donald Trump expanded his tariff threats to include China and the European Union on his second day in office after targeting Canada and Mexico on his first day. Bloomberg writes about it. “We’re talking about a 10 percent tariff on China based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump said at a White House event on Tuesday, citing February 1 as a possible date. “Other countries are big perpetrators as well, you know it’s not just China,” Trump said. “We have a $350 billion deficit with the European Union. They’re treating us very, very badly, so they’re going to respond with tariffs.”Advertisement: The threats echo comments Trump has made throughout his campaign to return to the White House and since of his convincing victory on November 5. But the only real action taken so far is a call for a review of trade practices, which is due by April 1, potentially giving China and other countries nearly 10 weeks to prevent new tariffs or comply with its demands. The Chinese government reiterated its opposition to the tariffs, and Foreign Ministry spokeswoman Mao Ning said on Wednesday that there are no winners in the trade war, adding that China will defend its national interests. We will remind:Advertisement: President Donald Trump said that he plans to introduce previously announced tariffs of up to 25% on goods from Mexico and Canada by February 1. Republican President Donald Trump floated the idea of ​​universal tariffs on Monday, but said the United States was not yet ready for such a step.

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