WASHINGTON, D.C. — President Donald Trump announced new tariffs on Thursday, stating that a 10% tariff would be imposed on Chinese imports starting in March.
This decision follows ongoing trade tensions between the United States and China and aims to address trade imbalances and intellectual property concerns.
In addition to the China tariffs, Trump confirmed that tariffs on Canadian and Mexican goods would also proceed, with a 25% levy set to take effect next week.
Trump’s announcement, made during a press briefing at the White House, outlined the reasons for these measures, including drug smuggling and unfair trade practices.
The tariffs are part of a broader effort by the Trump administration to address economic and trade concerns, particularly with China, Canada, and Mexico.
While the tariffs are seen by supporters as necessary to protect U.S. industries, critics warn of potential price increases for consumers and retaliatory actions from the affected countries.
