Trump ready to put tariffs on $500 billion of Chinese imports: Report
“We’re down an incredible quantity,” Trump mentioned within the interview, which was recorded on Thursday, about commerce imbalances with China. “I am able to go to 500.”
Earlier this month, america imposed tariffs on $34 billion of Chinese language imports. In return, China levied taxes on the identical worth of US merchandise. America then disputed the retaliatory tariffs on the World Commerce Group on Monday, together with these the European Union, Canada, Mexico and Turkey imposed in response to new US duties on metal and aluminum.
When requested in regards to the inventory market presumably falling if america imposes such a lot of duties, Trump mentioned: “If it does, it does. Look, I am not doing this for politics.”