Trump's 'Ready' to Slap Tariffs on All Chinese Imports
*By Alisha Haridasani*
President Trump said on Thursday he’s “ready” to slap tariffs on every Chinese product entering the United States, deepening the trade war between the world's two largest economies.
“I’m ready to go to 500,” the President said in an interview with [CNBC,](https://www.cnbc.com/2018/07/19/trump-says-hes-ready-to-put-tariffs-on-all-505-billion-of-chinese-.html) referring to the $505 billion of Chinese imports. “I’m not doing this for politics, I’m doing this to do the right thing for our country. We have been ripped off by China for a long time.”
In a tweet on Friday morning, after the CNBC interview aired, Trump [said](https://twitter.com/realDonaldTrump/status/1020290163933630464), “The United States should not be penalized because we are doing so well.”
The Trump administration earlier this month levied taxes on $34 billion worth of high-tech Chinese goods to penalize the country for alleged intellectual property theft, prompting Beijing to respond in kind.
In retaliation, the Trump administration has also identified another round of tariffs on $200 billion worth of goods. The second round of taxes could hike prices of many [popular consumer goods](https://www.reuters.com/article/us-usa-trade-apple/apple-watch-fitbit-could-feel-cost-of-us-tariffs-idUSKBN1KA0E2) manufactured in China, including the Apple Watch and the FitBit tracker.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
