Donald Trump has threatened to impose an additional 10% tariff on China’s exports to the United States, further escalating his trade war with Beijing. The US president also plans to impose tariffs on Canada and Mexico beginning next Tuesday, after delaying their imposition last month following talks with his counterparts. Trump stated that illicit drugs such as fentanyl are being smuggled into the US at “unacceptable levels” and that import taxes would force other countries to address the trafficking. China has already retaliated against Trump’s previous tariffs, and both Canada and Mexico have pledged to retaliate if the US imposes tariffs on their exports. While the Trump administration has repeatedly raised the threat of tariffs, many economists and businesses are urging officials to reconsider. The prospect of escalating tariffs has thrown the global economy into turmoil, with concerns expressed about inflation and the potential impact on the auto sector and other industries. Associated Press contributed reporting.

Source: https://www.theguardian.com/us-news/2025/feb/27/trump-tariffs-canada-mexico