US President Donald Trump said Thursday he would impose an additional 10 percent tariff on Chinese imports. He also said he would move ahead with levies on Canada and Mexico next week, citing \”unacceptable\” drug smuggling. Markets opening in Asia on Friday tracked losses across the world from the previous day, as the Republican’s latest comments fanned fears of a global trade war. Trump had announced — then halted — sweeping 25 percent levies. on Canadian and Mexican imports this month over illegal immigration and deadly fentanyl, with Canadian energy to face a lower rate. But the month-long pause ends Tuesday, and Trump wrote on social media Thursday that the proposed levies will happen as scheduled. The new 10 percent levy adds to the existing one over fentanyl, saying that there has been \”insufficient progress\” on the drug front, a US official said. The US-bound fentanyl appears to be made in Mexico using chemical precursors from China, a Congressional Research Service report noted last year. While some precursor face international controls, others may be made and exported legally from countries like China.
US President Donald Trump said Thursday he would impose an additional ….
