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TRUMP IS CONSIDERING 60% TARIFF ON CHINA
Feb. 7, 2024
By Ryan Hanrahan, University of Illinois' FarmDoc program
CNBC's Rebecca Picciotto reported Sunday that "former President Donald Trump plans to escalate the U.S-China trade war he launched during his first term as president if he is elected to the office again in November."
"The GOP frontrunner confirmed in an interview broadcast on Sunday that he is considering a plan to impose tariffs of 60% or higher on Chinese goods in his potential second term," Picciotto reported. "Beyond China, the former president has said he would impose a blanket 10% tariff on all U.S. imports, despite broad criticism over how that could hurt consumers."
"'You know, obviously, I'm not looking to hurt China. I want to get along with China. I think it's great. But they've really taken advantage of our country," Trump told (Maria) Bartiromo in an interview that aired Sunday,'" Business Insider's Kwan Wei Kevin Tan reported.
"The US has been China's biggest export market for more than 20 years, including $536 billion in exports in 2022," Bloomberg's Alicia Diaz reported Sunday.
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