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Economy

Trump threatens tariffs on all $500 billion of Chinese imports

Updated : July 23, 2018 07:06 AM IST

Around $505 billion of Chinese goods came into the United States in 2017, leading to a trade deficit of nearly $376 billion, US government data shows.
The magnitude of the imbalance has continued into 2018, with Chinese imports totaling $205 billion in the first five months of the year and the deficit reaching $152 billion.
Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from countries around the world and igniting disputes on multiple fronts.
Trump threatens tariffs on all $500 billion of Chinese imports

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