By CNBC (Business) | Created at 2024-11-26 00:42:57 | Updated at 2024-11-26 03:50:31
3 hours ago
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.
Aly Song | Reuters
BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social.
The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada.
Trump is set to be inaugurated as the next U.S. president on Jan. 20.
This is a breaking news story. Please check back for updates.
