In a series of statements, Trump has indicated his intention to impose a 10% tariff on Chinese imports starting February 1. This announcement has impacted financial markets, causing Chinese stocks and the yuan to fall as uncertainty looms over trade relations. Despite a brief respite in his rhetoric, Trump has reiterated the potential for new tariffs on China, suggesting they may still be on the table. In addition to threatening China, he has also called on the European Union to purchase more US energy to avoid tariffs. The mixed reactions in Asian markets further reflect concerns over the looming tariff decisions.