Washington: President Donald Trump on Friday threatened to slap China with $ 500 billion worth of tariffs on import of their products into the US.
"I'm ready to go to 500," Trump told CNBC News in an interview. He was referring to the $ 500 billion worth of import from China to the US every year.
Trump said he is doing this in the national interest. “I'm not doing this for politics. I'm doing this to do the right thing for our country. We have been ripped off by China for a long time, and I told that to President Xi (Jinping),” he said.
The US, he reiterated is being taken advantage of by countries like China. “We are being taking advantage of and I don't like it,” he said. “I would have a higher stock market right now. It could be 80 percent (since the election) if I didn't want to do this,” said the president.
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