05272020What's Hot:

Trump: Doubling of China trade tariffs ‘ready to go’

President Trump said Friday that he has another $ 267 billion in tariffs ready to slap on China, calling his testy relationship with that nation “a far bigger problem” than dealing with Russia right now.

Speaking to reporters aboard Air Force Once, Mr. Trump said he’s winning the escalating battle over trade policy between the two countries, but said he has more trade sanctions in the works.

“Nobody has ever done what I’ve done. The $ 200 billion we’re talking about, could take place very soon, depending what happens with them. To a certain extent it’s going to be up to China,” he said.

He added: “We’ve taxed them $ 50 billion that’s on technology. Now we’ve added another $ 200 billion. And I hate to say that, but behind that, there’s another $ 267 billion ready to go on short notice if I want. That totally changes the equation.”

It was unclear what those tariffs would cover.

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