Trump Says He'll Probably Impose 10% Tariffs on China on Feb. 1
President Trump, after saying tariff decisions on China would wait until he had talks with that country's president, returned to his previous stance in favor of the tariffs. He made the comments at a White House press conference Jan. 21.
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"The fentanyl coming into Mexico is massive," he said, and segued to saying, "I had that talk with [Chinese] President Xi [Jinping], the other day, too, of China. 'We don't want that crap in that country. We've got to stop it.'" He said China was going to give the death penalty to those selling fentanyl for the illicit U.S. market, but Biden didn't follow through with the deal.
"We're talking about a tariff of 10% on China" over the fentanyl smuggling, he said. When asked how soon, he said: "Probably February 1st."
At the same press conference, Trump warned the European Union is "going to be in for tariffs. It's the only way you're going to get fairness."