US Tariffs on China: Fentanyl Trade and Negotiations
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US Tariffs on China: Fentanyl Trade and Negotiations
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President Trump announced new tariffs on China due to their role in the fentanyl trade, increasing existing tariffs by 10%. These tariffs are intended to pressure China into curbing the export of fentanyl precursors. Similar tariffs were threatened against Canada and Mexico, but were delayed to allow for negotiations regarding drug smuggling. China has responded with retaliatory duties, and seeks a broader agreement with the U.S., not solely focused on fentanyl. Despite rising overdose deaths related to fentanyl, preliminary data indicates a recent decline in these fatalities. China has not yet offered concrete proposals to address U.S. concerns.
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