‘Ready to go’ with $500 billion in tariffs on China

Marco Green
July 20, 2018

In a statement to news channel CNBC, the US President said, "I'm ready to go 500", alluding to the United States dollars 505.5 billion in Chinese imports into the US in 2017.

U.S. President Donald Trump said he was ready to impose tariffs on an additional $500-billion of imports from China, threatening to escalate the current trade clash with the Asian nation and sending financial markets downward.

Mr Trump's comments come before the most recent round of United States tariffs has had time to take effect.

It is still subject to public consultation, to last until the end of August.

Trump said in an interview with CNBC that the U.S.is "down a tremendous amount" in terms of trade with China saying that China "can't match us because otherwise we're always going to be behind the 8-ball".

When asked if the move might cause a stock market drop, he said: "Well, if it does, it does".

"I'm not doing this for politics. I'm doing this to do this right thing for our country".

The administration has also accused China of engaging in unfair trade practices by forcing American investors to turn over key technologies to Chinese firms. Mr. Trump responded that he is "ready to go to 500", referring to the approximate total value of Chinese goods exported to the USA past year.

Other reports by Click Lancashire

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