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Trump ready to put tariffs on all $505 billion of Chinese goods

Staff Writer | July 20, 2018
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
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Trade war   The U.S. has slapped tariffs on just $34 billion of Chinese products
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.

The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.

Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties.

By sheer dollar volume, the Chinese won't be able to come close to the U.S. in a tit-for-tat battle. Trump's comments point to a willingness to push the envelope as far as the U.S. needs to get Chinese tariff concessions, along with a pledge to stop stealing American technology.

The whole story here.


 

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