Another $267B China tariffs ready to go after $200 already announced

"That totally changes the equation", Trump said.

The Trump administration has already slapped duties on US$50 billion of Chinese exports since July, which spurred immediate in-kind retaliation from Beijing.

United States stocks plummetted on Friday as the news broke, with The Dow Jones Industrial Average dropping around 140 points in little over half an hour.

President Trump said on Air Force One Friday that he is ready to impose tariffs on $267 billion in Chinese goods, on top of the additional $200 billion that he said will likely be hit with tariffs in a matter of days.

Beijing has vowed to retaliate, if the new ones go ahead.

The deadline for public comment on the next wave of punitive taxes on US$200 billion of annual imports from China expired Thursday, so Trump could impose the tariffs immediately.

Should the U.S. slap tariffs on an additional amount of Chinese goods of that scale, the total value subjected to the duties would be around that of total imports to the United States from China. "But I will say this: the world trading system is broken".

China so far has retaliated dollar-for-dollar with tariffs of its own on U.S. goods but since it imports less than $200 billion in goods a year from the United States, it has run out of room to match the punitive measures. Comparatively few applauded the tariffs.

Bloomberg News reported Friday that administration officials are discussing using an executive order that authorizes US officials to impose the sanctions on those taking part in "malicious cyber-enabled activities".

Retailers had successfully kept high-profile consumer electronics such as mobile phones and television sets off of previous tariff lists. The administration should cease further tariffs actions and give another shot at talks for a trade deal with China, it said. Those tactics, the Office of the US Trade Representative has alleged, include stealing trade secrets through computer hacking and forcing US companies to hand over technology in exchange for access to the Chinese market.

However, she seemed to have a different position than Mexican Economy Minister Ildefonso Guajardo on the relationship between the NAFTA talks and the U.S. steel and aluminum tariffs.

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies".

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