• 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

Dem senator plows ahead with war powers resolution...

June 24, 2025

Who is Neera Tanden? The controversial Dem operative...

June 24, 2025

House conservatives go to war with Senate over...

June 24, 2025

Trump’s big achievement in bombing Iran, still slammed...

June 24, 2025

FBI launches probes into 3 children’s hospitals for...

June 24, 2025

‘I’m just a silly girl’: AOC fires back...

June 24, 2025

Experts gauge success of ‘bunker buster’ bombs dropped...

June 24, 2025

Biden’s Middle East coordinator praises Trump team for...

June 24, 2025

128 Democrats join House GOP to block progressive’s...

June 24, 2025

Most Republicans support Trump ordered military strike on...

June 24, 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

  • U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy

    August 22, 2024
  • WATCH: RFK Jr Senate hearing disrupted by screaming protesters: ‘RFK kills people with hate’

    May 14, 2025
  • Is Nvidia in a ‘bubble’? Hedge fund Elliott raises concerns over AI investments

    August 2, 2024
  • Chipotle says restaurants will give bigger servings after complaints over measly portions

    July 28, 2024
  • Italian village offering 1 Euro homes to Americans ‘worn out’ from election results

    November 20, 2024

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

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,086)
  • Investing (634)
  • Stock (815)

Latest Posts

  • 10 Dems vote with GOP to rebuke Biden officials over chaotic Afghanistan withdrawal

    September 25, 2024
  • Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot

    March 10, 2025
  • Solana whale offloads additional $2.8 million in latest move, totaling $86 million in selloff

    August 14, 2024

Recent Posts

  • Trump to rename Persian Gulf the Arabian Gulf ahead of US-Iran nuclear talks, Middle East trip: report

    May 7, 2025
  • ‘It makes no sense’: Jordan says FBI stonewalling requests for briefing on Iran hack of Trump campaign

    October 4, 2024
  • Musk says DOGE set to top $150B in fraud savings in FY 2026

    April 10, 2025

Editor’s Pick

  • China will double its nuclear arsenal to over 1,000 warheads by 2030, according to US intelligence

    October 28, 2024
  • US Prez Donald Trump says smartphone tariff relief was temporary, new duties coming

    April 14, 2025
  • Pro-Ukraine GOP Rep. Bacon declares ‘real Republicans know that Putin’s Russia hates the West and freedom’

    March 7, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

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