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Trump says he’s ready to hit China with 267 billion in additional tariffs
President Trump told reporters that an additional $267 billion worth of tariffs on Chinese goods are ready to go, in addition to the $200 billion in tariffs the White House has already lined up.
Trump told reporters about the tariffs on Friday while returning to Washington DC from Montana, where he held a campaign-style rally Thursday night.
The new tariffs compound $200 billion worth of tariffs that Trump has already threatened China with. The $200 billion in levies has not yet been applied, and White House economic adviser Larry Kudlow said that Trump will not make a final decision on applying them until the public is consulted.
Speaking to CNBC on Friday, Kudlow added that Trump is in communication with Chinese President Xi Jinping, and is open to reaching a compromise.
“We are still talking with China on a number of issues,” said Kudlow. “Those talks will continue to go on. We want lower (trade) barriers across the board.”
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