Reuters: Trump says U.S. tariffs on Chinese goods could exceed $500 billion
WASHINGTON/BEIJING (Reuters) - President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war.
Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. (0401 GMT) on Friday and warned that subsequent rounds could exceed $500 billion - roughly the amount that the United States imported from China last year.
“You have another 16 (billion dollars) in two weeks, and then, as you know, we have $200 billion in abeyance and then after the $200 billion, we have $300 billion in abeyance. Ok? So we have 50 plus 200 plus almost 300,” Trump told reporters aboard Air Force One.
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WNU Editor: China has already started "punishing" businesses in China .... China might have already begun the US-China trade war (VOX).
More News On The Start Of The U.S. - China Trade War
US to slap new tariffs worth US$34 billion on China, heating up trade war as Beijing promises retaliation -- SCMP/Politico
China rejects 'blackmail' on eve of US tariff hike -- AP
Here's Where China Stands as Hour of U.S. Tariffs Approaches -- Bloomberg
Trade war could hurt these economies far more than U.S., China -- Ritvik Carvalho, Reuters
US-China tariffs in charts: global supply chains at risk -- Financial Times
The US-China trade war is about to get real -- Jethro Mullen, CNN
As U.S.-China tit-for-tat tariffs approach, here's what could happen -- Los Angeles Times
