Beginning February 1st, the United States will impose an additional 10% tariff on goods imported from China, marking a further escalation in the trade friction between China and the U.S. and causing global market turmoil.

Freight forwarders and foreign trade businesses should note that for containers arriving at ports after February 1st, tariffs may increase. It is important to refer to the final tax bill for accurate information!

It is worth noting that the Trump administration is considering adding oil to the list of taxed items. The United States is a major consumer of oil, and Canada is a key supplier of oil to the U.S. Imposing tariffs on Canadian oil would drive up domestic energy prices in the U.S. and negatively impact American energy security.

The new tariffs are directly targeting Mexico and Canada, both of which are important trading partners of the United States. Analysts point out that this move will severely disrupt supply chains in North America and may lead to increased commodity prices, ultimately harming U.S. consumers.

As of now, the governments of Mexico and Canada have not officially responded to Trump's latest announcement. However, both countries have previously stated that they would take countermeasures in response to the U.S. imposition of tariffs.

The new tariffs cover a wide range of goods, including electronics, machinery, textiles, and more.