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.
A historic wave of IPOs is about to hit Wall Street. For the average investor watching from the sidelines, the frenzy can engender fears of missing out.
Applied Aerospace & Defense CEO Trip Ferguson discusses the company's IPO, defense spending, space innovation, and the future of U.S. aerospace manufacturing.
David Fahrenthold, investigative reporter for The New York Times, examines rising costs, contracts, and transparency concerns in Trump's D.C. projects.
Amy Sullivan, President of Bed Bath & Beyond, joins us to discuss the brand’s comeback, its Container Store partnership and the future of home shopping.
