*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.
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Tyson Foods is recalling about 30,000 of its dino-shaped chicken nuggets after some consumers reported finding small metal pieces in those nuggets.
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Before the SAG-AFTRA strike, this was the weekend “Dune: Part Two” was supposed to open. When Warner Bros. and Legendary pushed that opening back to March 2024 and no other blockbuster stepped in to take its spot.
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With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
