10/15/2018

Trump Threatens Another Round of China Tariffs

President calls China bigger meddler than Russia in U.S.

President Donald Trump threatened to impose another round of tariffs on China and warned that Chinese meddling in U.S. politics is a “bigger problem” than Russian involvement in the 2016 election.

Asked in an interview with CBS’s “60 Minutes” whether he wants to push China’s economy into a depression, Trump said “no” before comparing the country’s stock-market losses since the tariffs first launched to those in 1929, the start of the Great Depression in the U.S.

“I want them to negotiate a fair deal with us. I want them to open their markets like our markets are open,” Trump said in the interview that aired Sunday, while adding that more tariffs “might” be in the mix. So far, the U.S. has imposed three rounds of tariffs on Chinese imports totaling $250 billion, prompting China to retaliate against U.S. products. The president previously has threatened to hit virtually all Chinese imports with duties.

Please select this link to read the complete article from Bloomberg News.