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Fortune
Fortune
Lionel Lim

Trump fires the first salvo in his renewed trade war with China: A 10% across-the-board tariff

(Credit: Brandon Bell—Getty Images)

U.S. President-elect Donald Trump made his first pledges on trade policy since winning the presidential election, taking to Truth Social to pledge new duties on imports from China, Mexico, and Canada soon after taking office in January. Throughout his campaign, Trump promised steep tariffs on China and other major trading partners as a way to bring jobs back to the U.S.

On Monday evening, Trump said he would impose an additional 10% tariff on all imports from China, on top of existing duties. 

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