All of them. $500 billion’s worth.
President Donald Trump now says he’s willing to slap tariffs on all imports from China.
«We are being taken advantage of and I don’t like it,» the president said in a taped interview that aired today. Trump told CNBC’s Joe Kernen he was «ready to go to 500,» referring to the roughly $500 billion of Chinese imports brought to the United States in 2017.
Trump has already imposed a 25 percent import tax on about $34 billion worth of Chinese tariffs. A second round of 10 percent tariffs on $200 billion of Chinese products will be the subject of administrative hearings next month.
Trump’s comments follow on the heels of White House trade adviser Peter Navarro downplaying the harm Trump’s tariffs have done to American businesses. Navarro told CNBC yesterday that the trade barriers are «much less disruptive than these headlines would suggest.»
From motorcycles to washing machines, prices of a range of products are climbing thanks to the taxes Trump has imposed on goods coming from China.
