- On Tuesday evening, President Donald Trump said his team was talking about a 10% tariff on China.
- He said the duty could take effect as early as Feb. 1.
- During his campaign for president in 2024, Trump called for levies upward of 60% on China.
President Donald Trump said that his team was discussing a 10% tariff on China and that the duty could take effect as early as Feb. 1.
"We're talking about a tariff of 10% on China based on the fact that they're sending fentanyl to Mexico and Canada," the president said, speaking to reporters at the White House on Tuesday evening.
"Probably Feb. 1 is the date we're looking at," he added.
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Trump also noted on Tuesday that his team is talking about a tariff of "approximately 25%" on Mexico and China.
The president's latest comments come a day after he said he was thinking of imposing 25% levies on Mexico and China as early as February.
"We're thinking in terms of 25% (levies) on Mexico and Canada, because they're allowing a vast number of people" over the border, he said on Monday.
Money Report
While campaigning in 2024, Trump had threatened imposing tariffs upward of 60% on Chinese goods. As recently as November, he called for "an additional 10% Tariff" on China, according to a post on his social media platform Truth Social.
