Trump Ready to Tax an Additional $267B in Chinese Imports

Canada's Foreign Minister Chrystia Freeland said discussions with US officials on the North American Free Trade Agreement are making progress

Now, President Trump is expected to make the next move, be it imposing 10 to 25 percent tariffs on 200 billion dollars of Chinese goods in different phases or all at once.

Now Trump says he's got another $267 billion in tariffs ready to go on short notice if he wants.

"To a certain extent, it's going to be up to China", the president said Friday. "Things can change rather quickly, so the trade war, if a lot of the threats do materialise, I think things will turn very quickly".

The Trump administration is reportedly considering using an Obama-era executive order to slap new sanctions on Chinese entities using cyberattacks to steal USA intellectual property.

The Nasdaq 100 Index capped its worst week since March as Apple slumped on its warning that the Trump administration's musing over levying virtually everything imported from China would hit a broad range of its products.

The deadline has now passed for companies to submit their opinions to the US government about its proposed new tariffs on China.

Trump is getting a last-minute earful from prominent technology companies and retailers as he considers whether to follow through with his plan to ratchet up tariffs on Chinese exports.

China has said it's ready to impose retaliatory tariffs on $60 billion of United States goods.

Speak on Air Force 1, Trump is talking tariffs.

The U.S. and China account for more than a third of Korea's total exports, so this trade spat is a major downside risk to the Korean economy. which already saw its exports slow down from the first quarter's four-point-four percent to zero-point-four percent in the second quarter.

"Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for United States consumers", the company said.

Earlier on Friday, White House economic adviser Larry Kudlow told Bloomberg Television the administration would evaluate public comments before making decisions on the $200 billion tariff list. Those talks will continue to go on.



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