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President Donald Trump declares that he is ready to introduce tariffs on all Chinese imports. In total, imports of more than $ 500 billion will be affected by the new penalties. This brings Bloomberg News Friday afternoon.
– I do not do it for politics. I am doing this to do good for our country, "Trump said in an interview on the CNBC television channel.
He further believes that China has long used the United States.
– They take advantage of us and I do not like it, says Trump According to Bloomberg, the value of $ 500 billion is approximately the total value of all Chinese imports to the United States in 2017.
The release of Trump marks a Significant escalation of the ongoing trade war between the two major powers.Until now, Trump has imposed a penalty for Chinese imports of about 34 billion dollars.
China does not not introduced a corresponding customs duty on US imports, but limited to a value of about $ 34 billion.According to CNBC, it is not possible for China to match the new customs clearance of Trump of a value of 500 mi lions of dollars.
– I do not want them to be afraid. I want them to behave, Trump said in the interview with CNBC.
Not surprised
Kjersti Haugland, chief economist at DNB Markets, is not surprised by Trump's statement
– He has already announced that he was ready to impose customs on everything, as long as the Chinese would continue to come with countermeasures. He is trying to bring China to the negotiating table, but China has so far shown no sign of Trump's rhetoric, "said Haugland.
In 2017, the value of US goods imported $ 129.9 billion, so China is unable to respond with the same currency if the United States chooses to intensify the trade war.
-To try to hit US companies in China it is difficult to say how China will react to this. (Conditions)
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