Why only 10% tariffs on China?
Canada and Mexico have always called themselves friends of the US, whereas with China it's clear they are seeking to dominate world trade and if we can take cue from recent news, perhaps technology and thereby military supremacy. Yet, Trump imposes a measly 10% on them while 2.5 times that on our neighbors. Why? What's the agenda here? 10% will do nothing to China, no one else can supply what they do at that price, even with the added margin.
Source: https://www.fox10phoenix.com/news/trump-tariffs-mexico-canada-china-february-2025
Edit: A certain theme that seems to come up is inflation has less of an effect on wealthy people, which I agree. The second part of it seems like a page out of a conspiracy movie plot. This inflation is actually a cover for Trump to ring in recession threat and using that paranoia to force interest rate reductions. That sounds outlandish to me. The other thing that also came up is inflation makes ordinary people divest from assets like real estate, gold etc and then the wealthy class can buy that up and consolidate their position of power and rent seeking in the society. That also sounds too imaginative to me.