New US President Donald Trump on Tuesday announced tariffs on the European Union and said his administration is considering imposing a punitive 10% tariff on Chinese imports because fentanyl is shipped from China to the US via Mexico and Canada. Trump made his latest threats of tariffs in remarks to reporters at the White House a day after taking office, but did not immediately impose tariffs, as he had promised during his election campaign, Reuters reports. Financial markets took a brief breather Tuesday, but his latest comments underscored Trump’s continued desire for broader tariffs and a new Feb. 1 deadline for 25 percent tariffs on Canada and Mexico, as well as tariffs on China and the EU. Trump said the EU and other countries also have worrying trade surpluses with the US. “The European Union is very, very bad together […]
Source: News Beast
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