The US President says he has not “made that decision yet” on whether to put tariffs on another $325 billion in Chinese goods after the latest round of tariffs introduced on Friday.
“We have the right to do [tariffs on] another $325 billion at 25% in additional tariffs” on Chinese goods, Trump said, while adding that he “has not made that decision yet.”
Earlier during a meeting with visiting Hungarian Prime Minister Viktor Orban, Trump said that the new tariffs would bring “tens of billions of dollars” to the US Treasury Department. However, his Economic Adviser Larry Kudlow said in an interview that both sides would suffer as a result of the new trade restrictions. According to Trump, the decision to raise tariffs came after the US representatives learned that China was going to try to renegotiate key parts of the developing deal.