• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump amends executive order raising China tariffs to 20% over ‘failure to address’ fentanyl crisis

by March 4, 2025
written by March 4, 2025

The White House announced Monday that China will face increased tariffs, citing the ongoing fentanyl crisis in the U.S. as the main reason for the decision.

In a post on X, the Rapid Response 47 account shared the text of an executive order (EO) signed by President Donald Trump on Monday. The Chinese government will now face 20% tariffs ‘over their failure to address the fentanyl pouring into our country,’ the EO stated.

The tariffs against China, which were originally only 10%, will go into effect on Tuesday. In Monday’s order, Trump said that the Chinese government has failed ‘to blunt the sustained influx of synthetic opioids, including fentanyl, flowing from [their country],’ and that such failure constitutes an ‘unusual and extraordinary threat.’

Trump also said that the crisis jeopardizes the ‘national security, foreign policy, and economy of the United States.’

‘I have determined that the [People’s Republic of China] has not taken adequate steps to alleviate the illicit drug crisis through cooperative enforcement actions, and that the crisis described in Executive Order 14195 has not abated,’ the order read. 

‘In recognition of the fact that the PRC has not taken adequate steps to alleviate the illicit drug crisis, section 2(a) of Executive Order 14195 is hereby amended by striking the words ‘10 percent’ and inserting in lieu thereof the words ‘20 percent’.’

The Trump administration is already imposing 25% tariffs on Canadian and Mexican goods, which were announced last month and will also go into effect on Tuesday. On Monday, Peter Navarro, the White House senior counselor on trade and manufacturing, defended the tariffs to CNBC and argued that the issue ‘starts in communist China with the precursor chemicals.’

‘It comes into Mexico, and they make the fentanyl. But they also have these pill presses. So they do the counterfeits,’ Navarro explained. ‘And they’re using Canada as a transit hub and secondary point to manufacture as well. So this is a Canada-Mexico-China thing.’

The Chinese government has opposed the tariffs since they were announced. In a Feb. 1 statement, China’s Ministry of Foreign Affairs claimed that China is ‘one of the world’s toughest countries on counternarcotics both in terms of policy and its implementation.’

‘Additional tariffs are not constructive and bound to affect and harm the counternarcotics cooperation between the two sides in the future,’ the statement read. ‘China calls on the U.S. to correct its wrongdoings, maintain the hard-won positive dynamics in the counternarcotics cooperation, and promote the steady, sound and sustainable development of China-U.S. relationship.’

Fox News Digital’s Anders Hagstrom contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Theme of Trump’s address to Congress revealed
next post
‘AmerExit’? Republicans push for US to leave NATO amid stalled Ukraine peace negotiations

related articles

Republicans urge Trump to follow through on his...

May 14, 2025

Trump says ‘there’s something wrong’ with top Democrat...

May 14, 2025

Trump signs agreements with Qatar on defense and...

May 14, 2025

Key Biden agency dropped $60K on overseas conference...

May 14, 2025

‘DOGE caucus is dead,’ House Democrat declares

May 14, 2025

Take it from this Muslim: Peace depends on...

May 14, 2025

House GOP moves Trump’s agenda forward after all-night...

May 14, 2025

Trump visits Qatar as country’s jet offer puts...

May 14, 2025

State Department breaks down plan to deal with...

May 14, 2025

Trump meets with Syria’s interim president after pledging...

May 14, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • ‘Colonies problem’: Delegate’s mic cut after outcry during House speaker vote

    January 3, 2025
  • Harris becomes betting market favorite for first time after Walz pick

    August 8, 2024
  • Trump now speaking with Russia’s Putin about ending Ukraine war

    March 18, 2025
  • Trump’s most vulnerable nominees RFK Jr, Tulsi Gabbard get back-to-back hearings

    January 27, 2025
  • Trump criticizes Schumer, says Dem leader ‘has become a Palestinian’

    March 12, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,498)
  • Investing (614)
  • Stock (744)

Latest Posts

  • In wake of L.A. wildfires, a diverse small business community looks to rebuild

    March 3, 2025
  • Biden flip-flop on pardoning son Hunter is wildly unpopular with Americans, poll finds

    December 11, 2024
  • Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants

    January 7, 2025

Recent Posts

  • DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut

    March 5, 2025
  • UK climate campaigners challenge approval of new coal mine in High Court

    July 18, 2024
  • Israeli officials confirm Tel Aviv bombing was a terrorist attack, Hamas claims responsibility

    August 19, 2024

Editor’s Pick

  • Microsoft CEO Nadella forms new AI group to build and run apps for customers

    January 14, 2025
  • Trade war could push S&P 500 down further to this level

    April 9, 2025
  • 2024 showdown: New polls this weekend in three key battlegrounds in Harris-Trump White House race

    August 11, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock