US President Donald Trump has said he is considering imposing a 10% tariff on imports of Chinese-made goods as soon as 1 February. Trump said discussions with his administration were "based on the fact that they're sending fentanyl to Mexico and Canada".

Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.

The president postponed what appeared to be a looming clash on trade and expressed a willingness to talk business, but he remains critical of Beijing.

Donald Trump threatened 25% tariffs on Mexico and Canada on his very first day in office, and suggested duties on China might depend on whether Beijing sells a stake in TikTok. Russ Mould of AJ Bell told Reuters equity markets are hoping that's just a bargaining position - and trade partners will be able to strike a deal with Trump.

President Donald Trump held off unveiling China-specific tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term.

US President Donald Trump has warned that additional tariffs could be imposed as early as next week, this time on China, rather than just Mexico and Canada, according to CNN and Associated Press. Speaking at a press conference in the Oval Office on Tuesday,