The United States has increased 10% tariff on import goods from China.

President Trump has declared a 10% increase in tariffs on imports from China, a move that could instigate a renewed trade conflict between the two largest economies in the world.

One of the motivations behind this decision is President Trump’s assertion that China has not adequately addressed the issue of illegal drug trafficking into the United States.

According to a report by Reuters, Trump has temporarily postponed the implementation of a 25% tariff on imports from Mexico and Canada for 30 days, contingent upon both countries making concessions regarding border security and law enforcement related to crime.

Conversely, the new tariffs on all imported goods from China became effective on February 3.

In response, the Chinese government has announced its intention to impose retaliatory tariffs on U.S. goods, which are anticipated to affect large engine vehicles, pickup trucks, coal, liquefied natural gas, crude oil, and agricultural machinery.

*Photo reference: https://www.visualcapitalist.com/comparing-new-and-current-u-s-tariffs-on-chinese-imports/