President Trump in an interview that aired Friday said that he's "ready to go" with $500 billion in tariffs on China after already slapping the country with a series of tariffs.
[JACQUELINE THOMSEN | July 20, 2018 | The Hill]
Trump said in an interview with CNBC that the U.S. is "down a tremendous amount" in terms of trade with China saying that China "can't match us because otherwise we're always going to be behind the 8-ball."
"I'm not doing this for politics. I'm doing this to do this right thing for our country. We have been ripped off by China for a long time and I told that to President Xi," Trump said.
Bloomberg reported that about $500 billion worth of Chinese goods were imported into the U.S. last year.
Trump has repeatedly claimed that the U.S. has been taken advantage of by China on trade.
The Trump administration imposed tariffs on $34 billion worth of Chinese products last month, which China quickly matched with tariffs on the same value of American goods.
The administration then announced that it would impose another series of tariffs on $200 billion worth of Chinese imports.