Trump ready to put tariffs on all $505 billion of Chinese goodsStaff 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.
Trade war The U.S. has slapped tariffs on just $34 billion of Chinese products
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.
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