'Ready to Go' With Tariffs on $500B of Chinese Imports

"It's proof, if it were needed, that the president is prepared to go all the way in the trade war to exact concessions from China, which simply can not match the United States firepower".

US President Donald Trump Friday said he's willing to hit all Chinese goods imported to the United States with tariffs if necessary.

The list named more than 6,000 items including food products, minerals and consumer goods such as handbags, to be subject to a 10% tariff.

"We're down a tremendous amount", Mr. Trump told CNBC in an interview broadcast Friday, referring to USA trade with China.

When asked about the stock market possibly falling if the United States imposes duties on such a large amount of goods, Trump said: "If it does, it does".

"I'm not doing this for politics, I'm doing this to do the right thing for our country", Trump told CNBC.

The administration has also accused China of engaging in unfair trade practices by forcing American investors to turn over key technologies to Chinese firms.

Many companies in the U.S. are opposed to the administration's use of tariffs against China, saying they risk hurting business and the economy without being likely to change behaviour.

In Europe, the FTSE 100 dropped half a per cent in minutes after the comments and Germany's DAX suffered a similar fall.

Related News:

  • Two tornadoes form in IA; steeple ripped off building in separate twister

    Two tornadoes form in IA; steeple ripped off building in separate twister

    Pella Regional Health Center spokeswoman Billie Rhamy said seven people injured at the Vermeer plant were treated at the hospital. At the UnityPoint Health facility, patients were evacuated to a nearby hospital after the building was damaged by the tornado .

    Iceberg Dangerously Close to Greenland Village Spotted from Space

    Strong winds and elevated tides have reportedly blown the iceberg a few hundred meters away from the harbor over the weekend. Should the iceberg suddenly break apart, the resulting tsunami waves could flood parts of the village.
    Donald Trump knew about Russian Federation  meddling 2 weeks before inauguration

    Donald Trump knew about Russian Federation meddling 2 weeks before inauguration

    It has remained unclear, however, what the president is seeking to accomplish from his negotiations with his Russian counterpart. It took the president several attempts to walk back his comments, amplifying the fallout from his joint appearance with Putin.
  • ‘Oddball’ among 12 new moons discovered around Jupiter

    ‘Oddball’ among 12 new moons discovered around Jupiter

    It has such a unique orbit it is at risk of smashing into the others - causing a cosmic collision that will grind them to dust. Two of the discoveries are part of an inner group in the prograde that orbit in the same direction as the planet's rotation.

    WhatsApp to Place Strict Limits on Message Forwarding in India

    People forward more messages, photos, and videos in India than any other country in the world, said WhatsApp . WhatsApp had also bought full-page adverts in Indian newspapers with tips on how to spot misinformation.

    Russian Military Tests Putin's 'Invincible' Hypersonic Missiles

    Yet another hypersonic missile complex, the Avangard, is in an early test phase with underground silos being adapted for its use. It might not even be possible to determine the precise target of a hypersonic missile until the weapon has nearly arrived.
  • Kevin Kisner shoots 66 to take early lead in British Open

    Kevin Kisner shoots 66 to take early lead in British Open

    Former Georgia golfer Kevin Kisner is making his presence known at the 147th Open Championship in Carnoustie, Scotland. The moved him to 4-under, but he bogeyed the 259-yard par-3 16th hole when he missed the green long and left.

    Trump 'not happy' with Federal Reserve interest rates

    Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the US economy for almost a decade. DXY cut its gains after Trump's comments that the strong dollar "puts us at a disadvantage", while yields on U.S.
    Independence mother accused of letting men rape her 2-year-old daughter

    Independence mother accused of letting men rape her 2-year-old daughter

    A mother in Missouri allegedly allowed her 2-year-old daughter to be raped by two men while she watched, according to police. On June 29, Watson was arrested for failure to appear in court and her two children were taken into protective custody.
  • Donald Trump invites Vladimir Putin to visit Washington in autumn

    Donald Trump invites Vladimir Putin to visit Washington in autumn

    Earlier on Thursday, the United States president had said of Mr Putin: "I look forward to our second meeting". Twitter users had a field day dissecting the video and many even asked, if she was screaming out for help.
    Vegas almost  misses tee time at The Open

    Vegas almost misses tee time at The Open

    Vegas realised only last week his visa had expired - on the day he checked it. His flight landed about four hours before his 10:31 tee time.
    US Salmonella Outbreak: 40 People Hospitalized in 26 States

    US Salmonella Outbreak: 40 People Hospitalized in 26 States

    Salmonella can spread quickly across a kitchen and thus a person doesn't have to ingest uncooked meat to still contract the virus. For example, all poultry, including ground chicken and turkey, should be cooked to an internal temperature of 165°F.


Most liked

40 per cent of people have a fictional 'first' memory
The earliest memories that many of us treasure so dearly may never have happened, according to a new scientific study. However, the scientists are unsure which age group is most susceptible to these fabricated first memories, she added.

Maya Moore passes up captain duties at WNBA All-Star Game
She might have been snubbed once again if the league adhered to picking East and West All-Star teams as it had in previous years. Moore was voted a captain by receiving the most votes, but told the league she was unable to perform the captain duties.

U.S. must prepare for more Russian meddling: Nielsen
After a political uproar, Trump posted a message on Twitter the next day insisting: "I accept our intelligence community's conclusion that Russia's meddling in the 2016 election took place".

McIlroy responds to 'robot' jibe after aggressive round
The rest of the day was smooth sailing for Kisner, who hit four more birdies, including three-in-a-row from the 13th to 15th hole. The oldest of the four major championships in professional golf is back for the 147th edition of The Open Championship .

Oil prices fall after surprise rise in USA inventories
News Wednesday of strong United States demand for gasoline and distillates gave the price only a brief boost. The U.S. government now holds about 660 million barrels in its underground tanks in Louisiana and Texas.

Baby snake from the time of the dinosaurs found 'frozen' in amber
A second amber fossil was discovered, which appears to contain part of the shed skin of another much larger snake. The amber fragment in which the specimen was found also provided important clues about its environment.

Thomas wins second mountain stage as Martin loses time
On Wednesday's stage 11 you picked Team Sky's Geraint Thomas as your Zwift Rider of the Day. Thomas maintained that Froome was still "the man" who knows how to win three-week races.

The Walking Dead: Andrew Lincoln's exit confirmed by Robert Kirkman
When asked if season nine would be Andrew's last, Robert replied: "It's looking that way". The second half of Season 4 of Fear The Walking Dead premieres August 12, 2018.

Waitress Caught on Video Tackling Man Down After Groping Her
Holden immediately turns around and chases after the man, grabbing him by the back of his shirt and puts him in a headlock. The 21-year-old can be seen in the video grabbing the handsy male and pushing him to the ground, absolutely flooring him.

Modern slavery most prevalent in North Korea
Repressive regimes are of particular concern because their "populations are put to work to prop up the government", according to the report.

Europe, Japan sign massive free trade deal
European Commission President Jean-Claude Juncker, Donald Tusk and Shinzo Abe at a welcome ceremony in Tokyo on Tuesday. But they will bring Japanese consumers lower prices for European wines, pork, handbags and pharmaceuticals.

USA must prepare for more Russian meddling: Nielsen
On Tuesday, the president said: "I accept our intelligence community's conclusion that meddling took place", as he read from remarks.

8 fatalities after duck boat capsizes on Missouri lake
Eight people on board a duck boat on Table Rock Lake in Stone County, Missouri are dead, in a boating accident near Branson. In one of the deadliest incidents, 11 people were killed when a duck boat sank in an Arkansas lake in 1999.

Fabinho jokes he'll get Kylian Mbappe to swap PSG for Liverpool
I will carry on my learning and do my very best for this football club. That shows he needs time to adapt to different styles. It was my first year as a professional footballer.

Alisson is world class, says Liverpool boss Jurgen Klopp
Liverpool have completed the transfer of Brazil goalkeeper Alisson Becker from Italian Serie A side Roma on a multi-year deal. The Reds have now broken world records for the highest fees spent on a goalkeeper and a defender in the a year ago .