First of all, it's 267 billion dollars more, not 500 billion.
First learn the meaning of words "to follow" in my post
Second
Donald Trump threatens to slap tariffs on virtually all Chinese goods – more than US$500 billion – after Beijing fights back
PUBLISHED : Wednesday, 19 September, 2018, 2:29am
UPDATED : Wednesday, 19 September, 2018, 7:17am
The US president’s move to impose 10 per cent tariffs on US$200 billion of Chinese goods was seen as killing any chance of new talks taking place
COMMENTS: 70
19 Sep 2018
US President Donald Trump is poised to levy punitive tariffs on all Chinese imports, following China’s announcement on Tuesday that Beijing will respond to Washington’s latest escalation of the trade war by imposing duties on US$60 billion of US imports.
Trump took to Twitter on Tuesday morning to say that any further action by China targeting US farmers and industrial workers would result in “great and fast economic retaliation” from the US.
The president had warned in a statement on Monday evening that such action would take the form of tariffs on the remaining US$267 billion of Chinese imports, further expanding the already unprecedented scope of the trade war.
Repeating that threat in the Oval Office on Tuesday afternoon, Trump said: “We don’t want to do it, but we probably – we'll have no choice.”
https://www.scmp.com/news/china/pol...tens-slap-tariffs-virtually-all-chinese-goods
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 ramps up the U.S.-China trade war another step, though each country has issued just $34 billion in tariffs so far.
Jeff Cox |
@JeffCoxCNBCcom
Published 6:09 AM ET Fri, 20 July 2018 Updated 11:20 AM ET Fri, 20 July 2018CNBC.com
Trump weighs in on the trade war with China 6:04 AM ET Fri, 20 July 2018 | 04:02
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 aired Friday.
The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared with 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 allegedly stealing American technology.
"I'm not doing this for politics, I'm doing this to do the right thing for our country," Trump said. "We have been ripped off by China for a long time."
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 toward China.
"I don't want them to be scared. I want them to do well," he said. "I really like President
Xi a lot, but it was very unfair."
Trump also said he was told by unspecified Chinese officials that "nobody would ever complain" from past administrations "until you came along — me. They said, 'Now you're more than complaining. We don't like what you're doing.'"
https://www.cnbc.com/2018/07/19/tru...t-tariffs-on-all-505-billion-of-chinese-.html