04.03.2025 09:02
U.S. President Donald Trump raised tariffs from 10% to 20% due to his inability to stop the flow of fentanyl from China. This decision was made because of national security and economic threats.
U.S. President Donald Trump has decided to raise the tariff rate on China from 10% to 20% due to the failure to prevent the flow of fentanyl into the country.
A new tax move has come from U.S. President Donald Trump towards China. Trump made changes to the decree he signed last month, which imposed a 10% tariff on imports from China. Announcing that he has decided to raise tariffs on China from 10% to 20% due to the failure to prevent the flow of fentanyl into the U.S., Trump stated, "I have determined that China's failure to take action to stop the flow of synthetic opioids, including fentanyl, into the United States poses an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States." Trump expressed that the tariff rate on imports from China has been increased to 20% based on the fact that "China has not taken sufficient steps to mitigate the illegal drug crisis."
TAX DOUBLED
Trump had imposed a 10% tariff on imports from China with a decree he signed on February 1. This application came into effect on February 4. Trump had previously warned that the tariff rate on China could increase.