US President Donald Trump threatened China with additional barriers to trade.
In an interview with Fox News, the American leader said that his policy has already damaged the economy of the PRC.
“I can still do a lot of things,” the US president added.
According to him, in China “they lived well for too long” and enjoyed unfair advantages in trade with the United States.
The trade war between China and the United States began after mutual increased customs duties between these countries came into force on July 6 of this year. The United States imposed a duty of 25% on imports of 818 items from China with a total supply of $ 34 billion a year. As a countermeasure, China introduced a duty of 25% on the same day on the import of an equivalent volume of American goods.
In August, the United States imposed a 25% duty on imports of Chinese goods in the amount of $ 16 billion. Immediately after that, the Chinese side introduced similar measures. In the United States, they are dissatisfied with the trade imbalance between the two countries, which, according to Washington’s estimates, amounts to $ 500 billion in favor of China. Beijing, in turn, considers the imbalance a consequence of US domestic economic policy.