US President Donald Trump has threatened to impose billions of dollars worth of new tariffs on China if the two countries fail to reach an agreement on a new trade deal.
The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods.
“I think that we will make a great deal with China,”Trump told FOX News Channel’s “The Ingraham Angle” in an interview on Monday.
“And I have $267 billion waiting to go if we can’t make a deal,” Trump added.
Trump has long threatened to impose tariffs on all remaining Chinese imports into the US if Beijing fails to meet US demands for a new trade deal.
Bloomberg news reported on Monday that Washington was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Trump and his counterpart Xi Jinping fail to ease the trade war.
Both Trump and Xi are…