U.S. President Donald Trump warned on Friday that he has tariffs ready to go on $267 billion worth of Chinese imports in addition to the $200 billion of the Asian nation’s goods awaiting action by him.
Implementing both sets of tariffs would subject virtually all U.S. imports from China to new duties as the world’s two largest economies escalate their trade war over Trump’s demands that Beijing make major economic policy changes.
“The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent its going to be up to China,” Trump said. “And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That changes the equation.”
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