Trump announced plans to impose 10% tariffs on Chinese goods “above any additional tariffs,” after blaming the country for the inflow of illegal fentanyl into the U.S.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

Trump says he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on those from China.