Former President Donald Trump said he would impose tariffs on China again if he is elected in November in the United States and that they could exceed 60%.
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“We have to do this,” Trump said in an interview broadcast on Sunday (4) on the Fox News program “Sunday Morning Futures”.
“I mean, look, the stock market almost crashed when it was announced that I won the Iowa (sic) primary in record fashion. And then when I won New Hampshire, the stock market crashed like crazy,” he said, referring to the Iowa caucus and New Hampshire primary in January.
With that, asked about reports that he is considering imposing 60% tariffs on Chinese products if he is elected, Trump said: “No, I would say it might be more than that.”
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Trump is the favorite for his party’s nomination to challenge Democratic President Joe Biden in the November 5 US elections.
It is worth remembering that Trump imposed tariffs on hundreds of billions of dollars in Chinese products in 2018 and 2019, amid a bitter trade war between the world’s two largest economies.
The Biden administration maintained the tariffs and added new restrictions that ban the export of advanced semiconductors and the equipment to make them, citing security concerns.