00:00It's Benzinga bringing Wall Street to Main Street. President-elect Donald Trump plans to impose an
00:04additional 10% tariff on all Chinese goods entering the U.S. starting on January 20th
00:09alongside a 25% tariff on products from Mexico and Canada. Trump cited illegal immigration and
00:15fentanyl trafficking as key reasons for the tariffs. China's embassy criticized the move,
00:19emphasizing the benefits of bilateral trade cooperations. Experts do predict that China
00:24will take measures like cutting rates and increasing fiscal stimulation in response
00:28to the tariffs. For all things money, visit Benzinga.com slash GSTV.
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