- Trump says he’s ‘ready’ to put tariffs on all $505 billion of Chinese goods imported to the US*
- President Donald Trump has indicated he is willing to put tariffs on all $505 billion of Chinese goods the U.S. imports.
- The rhetoric marks ramps up the U.S-China trade war another step, though each country has issued just $34 billion in tariffs so far.
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
“I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview.
The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.
Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties.
By sheer dollar volume, the Chinese won’t be able to come close to the U.S. in a tit-for-tat battle. Trump’s comments point to a willingness to push the envelope as far as the U.S. needs to get Chinese tariff concessions, along with a pledge to stop stealing American technology.
Trump said the U.S. is “being taken advantage of” on a number of fronts, including trade and monetary policy. Yet he said he has not pushed the tariffs out of any ill will towards China.