Author: Erin Hale, Alastair McCready
Published on: 11/03/2025 | 00:00:00
AI Summary:
Trump has already imposed a 20 percent tariff on Chinese imports, citing Beijing’s failure to curb the export of the deadly opioid fentanyl to the US. The tariff comes on top of previous duties imposed by Trump and Joe Biden on more than $400bn worth of Chinese goods. Beijing hit back last week by announcing tariffs of 10-15 percent on numerous US agricultural goods, including corn, beef, pork, dairy and soybeans. During the last trade war, Trump directed his focus solely on China, but since returning to office he has set his sights on other countries, too, including Mexico and Canada. In the span of about a month, Trump rolled out tariffs on goods worth $1.4 trillion. It is unclear to what extent Trump’s tariffs will stick.
Original: 1209 words
Summary: 127 words
Percent reduction: 89.50%
You must log in or register to comment.