Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

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

by March 4, 2025
March 4, 2025
Trump amends executive order raising China tariffs to 20% over ‘failure to address’ fentanyl crisis

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
FacebookTwitterGoogle +Pinterest
previous post
Theme of Trump’s address to Congress revealed
next post
‘Too aggressive militarily’: Trump talks Hegseth’s role pardoning service members accused of war crimes

You may also like

OpenAI’s Sam Altman thanks Sen John Fetterman for...

May 9, 2025

BROADCAST BIAS: ABC compares Sydney Sweeney ad to...

August 2, 2025

Israeli official vows ‘We have more surprises coming...

June 14, 2025

Days before Trump halted funding, an ex-Israeli hostage...

February 9, 2025

Lara Trump announces she is stepping down as...

December 9, 2024

Who’s who on Trump’s short list for attorney...

November 12, 2024

New report warns NATO’s data vulnerabilities could cost...

May 3, 2025

Trump responds to Biden dismissal of autopen probe,...

June 5, 2025

DOGE Caucus leader Joni Ernst eyes relocation out...

December 19, 2024

Nigel Farage says Harris should pardon Trump if...

November 5, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Freedom Caucus joins progressives in rare bipartisan push targeting ‘insane’ federal laws

      December 1, 2025
    • NATO considers ‘more aggressive’ response to Russia’s hybrid threats

      December 1, 2025
    • Trump offers to release his October MRI results, insists scan wasn’t of his brain

      December 1, 2025
    • Trump says he believes Hegseth ‘100%’ on Venezuelan drug boat strike denial amid allegations

      December 1, 2025
    • Trump gave Maduro ultimatum to flee Venezuela as land operations loom: report

      December 1, 2025
    • Trump says ‘don’t read anything into it’ when asked about declaring Venezuela’s airspace closed

      December 1, 2025

    Categories

    • Business (831)
    • Investing (661)
    • Politics (6,469)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 WhaleLargeCapital.com | All Rights Reserved