Iran Press/America: Throwing a new twist into the bitter trade war between the world’s two largest economies, Donald Trump said on Twitter he will issue a response to China’s latest tariff plan on Friday afternoon.
“We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP,” Trump tweeted.
“Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
It’s unclear what legal authority Trump would be able to use to compel US companies to close operations in China or stop sourcing products from the country.
China on Friday said it would impose retaliatory tariffs on $75 billion of US goods, targeting crude oil for the first time and renewing punitive duties on American-made autos.
The latest salvo was in response to Trump’s plans to impose 10% tariffs on a final $300 billion list of Chinese-made consumer goods on Sept. 1 and Dec. 15, including cell phones, toys, laptop computers and clothing.
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