China warns of consequences as Trump plans new tariffs on imports
China has responded to Donald Trump's plans to impose new tariffs on imports, warning that a trade war would benefit no one. Trump intends to sign an executive order for a 25% tariff on goods from Mexico and Canada and an additional 10% on Chinese imports. The Chinese embassy stated that trade cooperation is mutually beneficial and emphasized that China has taken steps to limit the export of fentanyl-related items. They rejected claims that China allows fentanyl precursors to enter the U.S. Trump's proposed tariffs could violate the US-Mexico-Canada Agreement, which maintains mostly duty-free trade. He may renegotiate this agreement in 2026, when a provision requires discussions on its future.