In this bonus episode of China Manufacturing Decoded, Renaud talks about the additional 10% tariff to be placed on Chinese products announced by Donald Trump on February 27th.
Earlier in February he placed a blanket 10% tariff on all Chinese imports (in addition to any already in place), so this new round coming into effect in the first week of March 2025 will take them to 20%+ existing rates...and it's supposedly all because of Fentanyl.
Trump says on social media:
"Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels" and that "a large percentage" of the drugs were made in China.
Let's look into why he has taken this action, how American importers may be affected, and also about how the trading relationship between the USA and China may evolve moving forward.
Related content...
- Tariffs set to go into effect this week on Canada, Mexico and China [Video]
- Trump plans tariffs on Mexico and Canada for Tuesday, while doubling existing 10% tariffs on China
- China targets US agricultural products over Trump tariff threat, Global Times says
- Furious Trump-Zelensky row in White House leaves Ukrainian peace talks and minerals deal in tatters
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