President Donald Trump issued another tariff threat to China over the weekend, this time floating the possibility of slapping tariffs on essentially the entire value of Chinese imports into the US should Beijing refuse to make concessions.
Speaking aboard Air Force One, Trump said that he would be willing to hit a further $267 billion of Chinese goods with import duties in addition to the $200 billion due to be signed in soon.
This would bring the total value of Chinese goods subject to tariffs to $517 billion, already greater than the $505 billion China exported to the US in 2017, Reuters notes.
“The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent it’s going to be up to China,” Trump said. “And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation.”