President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies.

President Donald Trump said his team was talking about a 10% tariff on China. He said the duty could take effect as early as Feb. 1. During his campaign for president in 2024, Trump called for levies upward of 60% on China.

Trump underscored his intention to use tariffs as a tool of international economic policy and an increasingly vital source of government revenue.