Trump ready to hit all Chinese imports with tariffs

July 20, 2018

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the nation's biggest trading partners.

The comments sent U.S. markets sliding early Friday, but they later moved higher.

In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500," referring roughly to the $505.5 billion US in goods imported last year from China.

The administration to date has slapped tariffs on $34 billion US of Chinese goods in a trade dispute over what it calls the nation's predatory practices...

This was excerpted from the 20 July 2018 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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