President Donald Trump upped the ante late Monday (June 18) in the U.S. trade war with China, vowing to hit Beijing with an extra $200 billion in tariffs if it retaliates for the fiscal penalties he imposed last week.
UPI reported that Trump said in a statement actions by China clearly indicate a “determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods.”
“This is unacceptable,” Trump added. “Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States.”
The president has long complained about existing U.S. trade deals with other nations — including the North American Free Trade Agreement and Trans-Pacific Partnership, which he abandoned last year — and said they are not beneficial to U.S. interests.
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