US President Donald Trump's planned 10% tariffs on China are set to come into effect after midnight in Washington DC.

It is after proposed 25% tariffs on Canada and Mexico, due to take effect on Tuesday, were paused for a month.

Trump's election campaign included a threat to hit China with 60% levies, citing fentanyl flows into the US as a reason.

But even the lower rate could hurt America's third largest trading partner, which is still subject to tariffs from Trump's first term.

China is already struggling with slow economic growth and has become increasingly reliant on exports.

Beijing has called for talks - Trump and China's President Xi Jinping are expected to speak this week.

Source: BBC

BDST: 1117 HRS, FEB 04, 2025
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