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Thursday, August 11, 2022

Trump says has tariffs ready for further $267 billion worth of Chinese imports

Trump says has tariffs ready for further 7 billion worth of Chinese imports© Reuters. U.S. President Donald Trump walks to Marine One while departing the White House in Washington

ABORAD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Friday that he has tariffs ready to go on a further $267 billion worth of Chinese imports, as the world awaits his decision on imposing levies on $200 billion worth of the Asian nation’s goods.

“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.”

Earlier on Friday White House economic adviser Larry Kudlow said Trump will not make any decisions on his threatened tariffs on another $200 billion worth of Chinese goods before officials evaluate public comments on them. The U.S. Trade Representative’s office received nearly 6,000 comments during the public comment period on the proposed levies, which ended Thursday night.

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Source: Investing.com

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