President Trump said he’s prepared to impose tariffs on all $505 billion in goods that China imports into the U.S. if the trade war he ignited escalates.

“I’m ready to go 500,” Trump told CNBC’s Joe Kernan in an interview that aired Friday on the network’s Squawk Box program.

Trump has slapped tariffs on $34 billion in Chinese goods and threatened another $416 billion in duties.

Citing the $375 billion trade deficit the U.S. runs with China, as well as large gaps with other countries, Trump said, “They are taking advantage of us … We have been ripped off by China for a long time.”

https://www.usatoday.com/story/money/2018/07/20/trump-threatened-slap-tariffs-all-505-b-chinese-imports/805700002/

Last edited by Just Fred (7/20/2018 11:33 am)