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President Trump intensified his trade fight with China on Friday, saying he was ready to impose tariffs on virtually all Chinese products imported into the United States if Beijing did not change its business practices.
Mr Trump, speaking aboard Air Force One en route to Fargo, ND, said the United States was ready to punish China with $ 267 billion worth of goods in addition to the $ 50 billion worth of goods. Chinese imports already subject to customs duties His administration was to impose tariffs later this month.
The public comment period on the proposed tariffs for these imports came to an end on Thursday and officials said they planned to consider comments, plus those made during six days of hearing, before deciding which products to target.
Mr. Trump's threat, which he made in blocked trade talks with Beijing, shook the stock markets. The president had made such comments previously, indicating that he was ready to tax almost all Chinese products entering America.
"Nobody ever did what I did," Trump said Friday. "The $ 200 billion we are talking about could very soon take place, depending on what is happening with them. To a certain extent, it will be China. "
"Now we have added another $ 200 billion," he said. "And I hate to say that, but behind that, there's another $ 267 billion ready to go on short notice if I want to. This totally changes the equation.
The President spoke as his administration continued its tense negotiations with Canada over a revised North American Free Trade Agreement and was preparing to meet with European leaders next week to resolve a dispute. commercial which was extinguished.
