Trump threatens China with tariffs hike of "at least" another $300B
President Trump. Photo: Thomas Peter-Pool/Getty Images
"Our talks with China, a lot of interesting things are happening. We’ll see what happens... I could go up another at least $300 billion and I’ll do that at the right time, but I think China wants to make a deal and I think Mexico wants to make a deal badly."
Why it matters: China’s Commerce Ministry said earlier on Thursday it would adopt necessary countermeasures if the Trump administration "unilaterally escalates trade tensions," according to Reuters, as it continued to blame U.S. pressure for trade negotiations stalling.