Inside Trade

February 14, 2025

Trump warns China tariffs could rise substantially

By Margaret Spiegelman  / February 3, 2025 at 5:27 PM
President Trump on Monday threatened to hike new tariffs on Chinese goods set to go into effect on Tuesday, calling the 10 percent duties announced over the weekend an “opening salvo” in trade relations with Beijing. “That was just an opening salvo,” Trump told reporters while signing executive actions in the Oval Office . “If we can't make a deal with China, then the tariffs will be very, very substantial.” Trump said he expected to hold discussions with China “probably...

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