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News in English (USA) / 22.01.2025 / 21:00

Donald Trump Threatens 10% Tariff on Chinese Imports Starting February 1

In a series of statements, President Donald Trump has indicated plans to impose a 10% tariff on all imports from China beginning February 1. This move has triggered mixed reactions in the global markets, with the dollar strengthening following the announcements. Chinese stocks and the yuan have been negatively impacted, raising concerns about a potential trade war. Trump has also extended his tariff threats to the European Union, citing trade imbalances. As tensions rise, there are calls for a negotiated solution to avoid escalation, but officials in Beijing have vowed to protect their national interests. With the deadline approaching, all eyes are on how this situation will unfold.
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