President-elect Donald Trump plans to impose an additional 10% tariff on all Chinese goods entering the U.S. starting on January 20, alongside a 25% tariff on products from Mexico and Canada. Trump cited illegal immigration and fentanyl trafficking as key reasons for the tariffs. China's embassy criticized the move, emphasizing the benefits of bilateral trade cooperation. Experts predict China will take measures like cutting rates and increasing fiscal stimulus in response to the tariffs.
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00:00It's Benzinga bringing Wall Street to Main Street. President-elect Donald Trump plans to impose an
00:04additional 10% tariff on all Chinese goods entering the U.S. starting on January 20th
00:09alongside a 25% tariff on products from Mexico and Canada. Trump cited illegal immigration and
00:15fentanyl trafficking as key reasons for the tariffs. China's embassy criticized the move,
00:19emphasizing the benefits of bilateral trade cooperations. Experts do predict that China
00:24will take measures like cutting rates and increasing fiscal stimulation in response
00:28to the tariffs. For all things money, visit Benzinga.com slash GSTV.