Trump considering 10% tariff on China products
News Desk || risingbd.com

Donald Trump
New US President Donald Trump is considering a 10% tariff on China and that the duty could take effect as early as February 1.
The US president said this while speaking to reporters at the White House on Tuesday evening.
“We’re talking about a tariff of 10% on China based on the fact that they’re sending fentanyl to Mexico and Canada,” he said. “Probably Feb. 1 is the date we’re looking at,” he added.
Donald Trump spoke with Chinese President Xi Jinping over the phone about fentanyl and trade. The Chinese side’s readout said Xi called for cooperation and cast the two countries’ economic ties as mutually beneficial.
There are “no winners” in a trade war, China’s Vice Premier Ding Xuexiang, told the World Economic Forum in Davos, Switzerland, on Tuesday, according to an official translation. He called for international efforts to support “economic globalization” and “distribute it better.”
The offshore Chinese yuan initially strengthened, before weakening to trade at 7.2796 against the greenback.
Source: Agencies
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