Donald Trump plans to impose 10% tariffs on China from February

“China is an abusive country, but the European Union is very, very bad for us,” he said.

“They’re treating us very, very badly. So they’re going to go into tariffs. That’s the only way to get back. That’s the only way to get justice.”

Shortly after being sworn in on Monday, the new president also directed federal agencies to review existing trade deals and identify unfair practices by the United States’ trading partners.

Meanwhile, a senior Chinese official spoke out against protectionism at the World Economic Forum in Davos.

Chinese Vice Premier Ding Xuexiang called for a “win-win” solution to trade disputes without mentioning the United States.

During the election campaign, Trump promised to impose tariffs of up to 60% on Chinese goods.

Canadian Prime Minister Justin Trudeau has promised to fight against it.

“If the (US) president chooses to go ahead with tariffs, Canada will respond — and everything is on the table,” Trudeau said.

Ottawa is preparing counter-tariffs in response to the threats, costing billions of dollars.

Canada, China and Mexico are the main trading partners of the United States.

Tariffs are an important part of Trump’s economic plans. The president believes they can boost growth, protect jobs and increase tax revenue.

But many economists say such measures could lead to higher prices for Americans and hurt companies that face retaliatory strikes from abroad.