The United States announces a 10% tariff increase on Chinese goods

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Bitget2025/02/02 00:36

By:Bitget

ChainCatcher reports that on the 1st, US President Trump signed an executive order to impose a 10% tariff on goods imported from China. This latest trade protection measure by the United States has met widespread opposition both internationally and domestically.

The White House stated that day that for all goods imported from China, the US will impose an additional 10% tariff based on existing tariffs. Trump said this is in line with his supported "protectionist measures".

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President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

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