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| Version 0 | Version 1 |
|---|---|
| Trump 'ready' to tax all Chinese imports | Trump 'ready' to tax all Chinese imports |
| (35 minutes later) | |
| US President Donald Trump says he is ready to intensify his trade war with China by slapping tariffs on all $500bn of imports from the country. | US President Donald Trump says he is ready to intensify his trade war with China by slapping tariffs on all $500bn of imports from the country. |
| "I'm ready to go to 500," he said in an interview with the CNBC channel. | "I'm ready to go to 500," he said in an interview with the CNBC channel. |
| Mr Trump's comments come before the most recent round of US tariffs has had time to take effect. | Mr Trump's comments come before the most recent round of US tariffs has had time to take effect. |
| Last week, Washington listed $200bn (£150bn) worth of additional Chinese products it intends to place tariffs on as soon as September. | Last week, Washington listed $200bn (£150bn) worth of additional Chinese products it intends to place tariffs on as soon as September. |
| The list named more than 6,000 items including food products, minerals and consumer goods such as handbags, to be subject to a 10% tariff. | The list named more than 6,000 items including food products, minerals and consumer goods such as handbags, to be subject to a 10% tariff. |
| It is still under public consultation, to last until the end of August. | |
| The US and China have already imposed tit-for-tat tariffs of $34bn on each other's goods. | The US and China have already imposed tit-for-tat tariffs of $34bn on each other's goods. |
| "We're down a tremendous amount," said Mr Trump, reiterating his view that China's trade surplus with the US amounts to unfair trading practices. | "We're down a tremendous amount," said Mr Trump, reiterating his view that China's trade surplus with the US amounts to unfair trading practices. |
| When asked if the move might cause a stock market drop, he said: "Well, if it does, it does. Look, I'm not doing this for politics. I'm doing this to do this right thing for our country." | When asked if the move might cause a stock market drop, he said: "Well, if it does, it does. Look, I'm not doing this for politics. I'm doing this to do this right thing for our country." |
| The US also wants China to stop practices that allegedly encourage transfer of intellectual property - design and product ideas - to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market. | |
| Mr Trump has previously hinted at such an escalation, telling reporters two weeks ago that there was "$300bn in abeyance" after the $200bn of goods covered by the latest list, but this is his most explicit threat yet. | |
| Many companies in the US are opposed to the administration's use of tariffs against China, saying they risk hurting business and the economy without being likely to change behaviour. | |
| European stock markets fell after the interview was broadcast, with the FTSE 100 down 0.2%. |