Trump Considers Implementing 10% Tariff on China from February 1

President Donald Trump is weighing a 10% tariff on all Chinese goods, set to begin on February 1, with fentanyl trafficking being a primary reason for the move. Trump has also warned of imposing 25% tariffs on Mexico and Canada, attributing it to their perceived shortcomings in addressing illegal immigration and drug trafficking. The EU's economy commissioner has expressed openness to engaging in negotiations with Trump while ensuring the safeguarding of Europe's interests. Economists caution that such tariffs might elevate US inflation and potentially spark a broader trade conflict that could impact global economic growth.