FORMER US President Donald trump confirmed that he would impose tariffs of 60 per cent or higher on Chinese goods were he to win a second term in office.
His tariff strategy could revive the trade war he triggered during his first term as president when he imposed US$250 billion in China tariffs, reports CNBC.
Mr Trump's China trade war disrupted the global economy, raised consumer costs, stirred stock markets and put US-China relations on ice.
Mr Trump plans to escalate the US-China trade war he launched during his first term as president if he is elected to the office again in November.
The Republican Party frontrunner confirmed in an interview broadcast last Sunday that he is considering a plan to impose tariffs of 60 per cent or higher on Chinese goods in his potential second term.
'We have to do it,' Mr Trump said in an interview on Fox's 'Sunday Morning Futures.' The Washington Post first reported the Trump campaign was weighing a theoretical 60 per cent Chinese tariff plan.
On Sunday, the former president said he might even go higher: 'Maybe it's going to be more than that.'
Beyond China, the former president has said he would impose a blanket 10 per cent tariff on all US imports, despite broad criticism over how that could hurt consumers.
Former UN ambassador Nikki Haley, Mr Trump's sole remaining presidential challenger, criticized that policy proposal for the impacts it would have on American pocketbooks.
'What Donald Trump's about to do, is he's going to raise every household's expenses by $2,600 a year,' said Ms Haley in a January interview on CNBC's 'Squawk Box,' referencing data from the fiscally conservative National Taxpayers Union.
Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again.
SeaNews Turkey
His tariff strategy could revive the trade war he triggered during his first term as president when he imposed US$250 billion in China tariffs, reports CNBC.
Mr Trump's China trade war disrupted the global economy, raised consumer costs, stirred stock markets and put US-China relations on ice.
Mr Trump plans to escalate the US-China trade war he launched during his first term as president if he is elected to the office again in November.
The Republican Party frontrunner confirmed in an interview broadcast last Sunday that he is considering a plan to impose tariffs of 60 per cent or higher on Chinese goods in his potential second term.
'We have to do it,' Mr Trump said in an interview on Fox's 'Sunday Morning Futures.' The Washington Post first reported the Trump campaign was weighing a theoretical 60 per cent Chinese tariff plan.
On Sunday, the former president said he might even go higher: 'Maybe it's going to be more than that.'
Beyond China, the former president has said he would impose a blanket 10 per cent tariff on all US imports, despite broad criticism over how that could hurt consumers.
Former UN ambassador Nikki Haley, Mr Trump's sole remaining presidential challenger, criticized that policy proposal for the impacts it would have on American pocketbooks.
'What Donald Trump's about to do, is he's going to raise every household's expenses by $2,600 a year,' said Ms Haley in a January interview on CNBC's 'Squawk Box,' referencing data from the fiscally conservative National Taxpayers Union.
Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again.
SeaNews Turkey