Trump threatens China with tariffs on more than $500 billion of goods

President Donald Trump said Thursday the U.S. could soon impose tariffs on more than $500 billion in Chinese imports, about the amount of total goods the U.S. imported from China last year.

Trump made his comments hours before fresh tariffs on $34 billion of Chinese imports were scheduled to take effect at 12:01 a.m. Eastern time Friday.

Speaking to reporters on Air Force One on his way to a rally in Montana, Trump gave a running total of what he will seek, assuming China responds with retaliatory tariffs, starting with the $34 billion in levies that kick in Friday.

“Then you have another 16 [billion] in two weeks and then as you know we have 200 billion in abeyance and then after the 200 billion we have 300 billion in abeyance.

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