Trump plans additional 10% tariffs on Chinese imports starting January 20

President-elect Donald Trump plans to impose an additional 10% tariff on Chinese imports, starting January 20. This comes on top of existing tariffs and follows his earlier statements about potentially raising tariffs to over 60%. China's state media responded critically, accusing Trump of using the fentanyl crisis as a reason for the tariffs. They argue that the U.S. should address its own issues rather than blame China. Economists have begun to lower their growth forecasts for China, anticipating the impact of Trump's proposed tariffs. S&P Global has adjusted its predictions for China's growth in 2025 and 2026 down by 0.2 and 0.7 percentage points, respectively.