President Trump threatens more China tariffs

Trump on Squawk Box
(Image credit: CNBC)

President Trump said in an interview on CNBC's Squawk Box on Friday that he was prepared to impose tariffs on all $500 billion in Chinese imports if China doesn't ease its trade policies toward the U.S. "I'm ready to go to 500," Trump told CNBC's Joe Kernen.

The Trump administration so far has hit China with tariffs on $34 billion in Chinese goods, prompting China to respond in kind. The Trump administration is now reviewing potential levies on $200 billion in Chinese products, and China has threatened to retaliate again if Trump goes through with the proposal. Trump said the tariffs are necessary to get China to treat U.S. companies fairly, and stop forcing them to hand over their technology for access to Chinese markets.

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