US President Donald Trump has warned that he is prepared to put tariffs on nearly all Chinese imports into the US, with threats of tariffs for a further $US267 billion in good.
This would be in addition to the $US200 billion worth of goods that are about to be hit by levies in the next few days.
Mr Trump made the threat in a press conference aboard Air Force One, saying he was “being strong on China because I have to be.”
“The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent it’s going to be up to China,” Mr Trump said.
“And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation.”
China has responded to the new round of tariffs with threats of retaliation, with the commerce ministry spokesman Gao Feng responding to the announced tariffs.
If the US takes new trade measures against China … China will take necessary countermeasures,” Mr Feng said.
“Any measures pressuring China [to yield] will be ineffective, as the trade war can’t solve any problems.”