By Danielle Wallace | Fox Business
Beijing is threatening to retaliate against the United States as President Donald Trump’s 10% tariffs on China are expected to take effect Tuesday.
The White House announced on Saturday that the Trump administration is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, in a move intended to hold the three countries “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
Namely with Beijing, the White House said Chinese officials “have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational criminal organizations.”