US President states he’s ready to impose tariffs on all $500 billion of imported goods from China

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Reuters reports that U.S. President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.

“We’re down a tremendous amount,” Trump said in an interview about trade imbalances with China on CNBC television broadcast on Friday. “I’m ready to go to 500.”

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