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Trump threatens to slap China with $200 billion in new tariffs

By Matthew RoccoPublished June 18, 2018China TariffsFOXBusiness

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President Donald Trump on Monday said his administration will pursue a new round of tariffs on Chinese goods, responding to retaliatory levies from China.

Marking the latest salvo in a tit-for-tat dispute over trade, Trump directed the U.S. Trade Representative to identify $200 billion worth of Chinese goods that would be hit with a 10% tariff, according to a statement from the White House. Trump said the new tariffs will go into effect “if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.”

The U.S. will prepare tariffs on another $200 billion in Chinese products, doubling the total amount, if China chooses to respond by raising its own tariffs again.

“The trade relationship between the United States and China must be much more equitable,” Trump said.

https://www.foxbusiness.com/politics/trump-threatens-to-slap-china-with-200-billion-in-new-tariffs