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President Donald Trump said on Thursday that he was ready to impose tariffs on all Chinese imports worth $ 500 billion and work to restore an unfair trade relationship, which Whether it's the implications on the stock market or the November mid-term elections.
Trump told CNBC in an interview that he said Friday that he wanted China to "do well" And that "I do not want them to be scared," but said that he would not tolerate that Beijing imposes retaliatory tariffs as it tries to end the trade imbalance between the two nations. President said that he would be willing to impose tariffs on $ 500 billion of Chinese imports, which roughly corresponds to the total value of the country's imports to the United States.
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"We have dropped a lot. I raised 50 [billion dollars in tariffs] and they corresponded to us. I say, "you do not fit, you can not match," because otherwise we'll always be behind the eighth bullet, "Trump told CNBC's squawk box.
"Are you ready to go? at 500 [billion dollars]? Interviewer Joe Kernen followed.
"I'm ready to go to 500," replied the president.
Kernen urged on the possibility that such a move could drag the stock market Trump said: "If that's the case, he does it." He also said that he was only concerned with the principle of fairness when it came to commercial relations between the company and the company. America and China, not potential political problems Mid-term elections in November
"Look, I'm not doing this for politics," he said. do this to do the right thing for our country. We have been ripped off by China for a long time. President Xi [Jinping] said this to [Chinese].
Trump has made the reorganization of US trade relations around the world a priority for his administration in recent months, targeting longtime allies and partners such as South Korea, Mexico and Canada. and the European Union.
But the president saved anger from China, a nation he accused of unfair trade practices, including intellectual property theft and forced technology transfers. Already, Washington and Beijing have imposed tariffs, the lot of China targeting key industries in the Trump states in the presidential elections of 2016.
The back and forth between the two countries have raised concerns of the part of an impending trade war that could slow down what has been a strong economy under Trump. The president, for his part, has been publicly indifferent to a trade war, writing on Twitter months ago that trade wars "are good, and easy to win."
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