President Donald Trump grass oned reporters on Air Force One Friday that he was “ready to go” on tariffs for another $267 billion in Chinese goods “if he deficiencies,” which would come on top of the $200 billion in goods already butted, according to Bloomberg and Reuters.
Already the administration was set to announce it would put the tariffs on the $200 billion in goods, after threatening them in an interminable and escalating dispute with China. A public comment period on this set of rates expired Thursday in the U.S. China’s commerce ministry has said the country intent retaliate if the U.S. imposes new tariffs.
The world’s two largest economies have already allotted tariffs to $50 billion of each other’s goods. Talks sought at easing tensions ended last month without major breakthroughs, and Washington crops emboldened by a sell-off in Chinese markets and a weakening economy.
Trump asseverated Wednesday he was not prepared to make a deal with China “that they’d take pleasure in to make.” Still, he added, his administration will “continue to talk to China.”
Trump’s says to reporters on Friday sparked a 100-point drop in the Dow Jones Industrial Unexceptional around 12 p.m. ET, with the apparent escalation in the trade tensions with China.
Huileng Tan helped reporting.