Trump warns that he is ready to spend $ 500 billion in tariffs on Chinese imports

U.S. President Donald Trump said he was ready to impose tariffs on an additional $ 500 billion of imports from China, threatening to intensify the current trade conflict with the Asian nation and to send the financial markets down.

"Trump said in an interview on China's trade imbalances on CNBC, taped on Thursday and aired on Friday." I'm ready to go to 500. "

The futures on Dow and S & P stock indexes, already down on trade concerns, have further declined after the interview.

Earlier this month States imposed duties on $ 34 billion In exchange, China levied taxes on the same value of US products

The United States challenged Monday the retaliatory tariffs of the World Trade Organization, as well as those imposed by the European Union, Canada, Mexico and Turkey.American rights on steel and aluminum.

When asked about the fall eventuality of the stock market if the US imposes rights on one if large amount of goods, Trump said, "If that's the case, that's the case. Listen, I'm not doing this for politics.

Trump wants Chinese leaders to take action to reduce the US $ 375 billion trade deficit with China.

The administration also accused China of engaging in unfair trade practices by forcing US investors to hand over key technologies to Chinese companies.