Trump threatens tariffs on all $500bn of Chinese imports

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Trump threatens tariffs on all $500bn of...
 © CyprusMail 2018
President Donald Trump said he was ready to impose tariffs on all $500bn of goods the US imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant.

“We’re down a tremendous amount,” Trump said in an interview about trade imbalances with China on CNBC broadcast on Friday. “I’m ready to go to 500.”

Around $505bn of Chinese goods came into the United States in 2017, leading to a trade deficit of nearly $376bn, US government data shows.

The magnitude of the...


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Trump threatens tariffs on all $500bn of Chinese imports


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