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United States President Donald Trump ‘Ready’ to Intensify Trade War with China

Washington, July 20: US President Donald Trump has said he is ready to intensify his trade war with China by slapping tariffs on all imports worth $500 billion. “I’m ready to go to 500,” he told CNBC’s Joe Kernen in a “Squawk Box” interview broadcasted on Friday. The reference was to the dollar amount of Chinese exports to the US in 2017 — $505.5 billion to be exact, compared to the $129.9 billion worth of Chinese imports from the US, according to the Census Bureau data. Last week, Washington listed $200 billion worth of additional Chinese products it intends to place under the tariff regime on as soon as September. (IANS)