President Donald Trump on Tuesday warned that even more tariffs could be coming as soon as next week: This time China was his target, as Trump threatened to unleash a wave of higher taxes on imports from America’s second-biggest trading partner.

President Donald Trump said his team was talking about a 10% tariff on China. He said the duty could take effect as early as Feb. 1. During his campaign for president in 2024, Trump called for levies upward of 60% on China.

It follows threats by Trump to levy import taxes of 25% on Mexico and Canada, accusing them of allowing undocumented migrants and drugs into the US.

U.S. President Donald Trumpon Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.

Trump during his campaign pledged sweeping tariffs against other nations, including levies of 60 per cent on Chinese products

U.S. President Donald Trump pledged Tuesday to hit the European Union with tariffs, adding that a 10% duty on Chinese imports could also come as soon as February 1. Trump, who was speaking to reporters at the White House a day after being sworn in,

Trump stated on Tuesday that his administration is discussing imposing a 10% tariff on goods imported from China on February 1 because fentanyl is being sent from China to Mexico and Canada, per Reuters.

SHANGHAI -- Chinese stocks fell on Wednesday morning after U.S. President Donald Trump said he is considering imposing a 10% tariff on goods imported from China on Feb. 1.

Soybeans fell in Chicago after US President Donald Trump said he’s considering tariffs on China, stoking fresh worries of a trade war between the two biggest economies. Wheat and corn also declined.

Chinese stocks opened higher and the yuan strengthened in a cautious start to Tuesday, as U.S. President Donald Trump's inaugural policies suggested he will negotiate rather than immediately impose hefty tariffs on trading partners.