Business Insider reports:
President Donald Trump escalated his trade-war rhetoric on Monday, threatening unspecified countries with tariffs if they “will not make fair deals with us.”
The US is already engaged in a trade war with China and is expected to levy new tariffs on $200 billion worth of Chinese goods as soon as Monday, on top of the tariffs in place on more than $50 billion worth of Chinese goods.
Many US businesses have warned that a new rounds of tariffs would threaten to increase prices of everyday goods for Americans— goods as varied as baby seats and bikes.
Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be “Tariffed!”
— Donald J. Trump (@realDonaldTrump) September 17, 2018
Our Steel Industry is the talk of the World. It has been given new life, and is thriving. Billions of Dollars is being spent on new plants all around the country!
— Donald J. Trump (@realDonaldTrump) September 17, 2018