For about a day, it looked like China had gotten a lucky break as Donald Trump returned to the White House. One of Trump’s initial executive orders was a delay of the TikTok ban, giving the ByteDance-owned social media app more time to find a way to operate in the U.S. Trump also promised several new tariffs on Monday—but none on China.
That ended on Tuesday, as the president revealed he was considering a new 10% tariff on Chinese imports that could come into effect as early as Feb 1. Trump accused China of sending fentanyl to Mexico and Canada, necessitating tariffs.
