Trump threatens to impose tariffs on all imports from China

Asia shares hit 14-month lows, yen advances on trade jitters

China Threatens Retaliation if President Trump's New $200 Billion Tariffs Go Ahead

Bloomberg News reported Friday that administration officials are discussing using an executive order that authorizes US officials to impose the sanctions on those taking part in "malicious cyber-enabled activities".

The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world's two biggest economies and likely squeezing U.S. companies that import everything from handbags to bicycle tires.

"I hate to say this, but behind that there is another $267 billion ready to go on short notice if I want", Trump told reporters on Air Force One.

"That totally changes the equation", Trump said.

The two governments already have imposed penalty duties on $50 billion of each other's exports.

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President Trump is digging into protecting the American worker against China by considering additional tariffs on $267 billion in Chinese imports.

The moves would sharply escalate Trump's trade war with Beijing over his demands for major changes in economic, trade and technology policy.

Stocks dipped after the comments, with the S&P500 off 0.2 percent. USA stocks erased gains after Trump's remarks.

China plans to tax an additional $60 billion in USA products if the Trump administration expands its hit list by $200 billion.

The president's comments Friday came one day after a public comment period ended on his proposed taxes of up to 25 percent on $200 billion of Chinese imports.

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On Thursday, Cisco Systems Inc., Hewlett Packard Enterprise Co. and other technology companies sent a letter to U.S. Trade Representative Robert Lighthizer urging the administration to avoid imposing more tariffs.

Most comments were from companies seeking to remove products from the tariff list, arguing there were few, if any alternative sources and the duties would cause financial hardship. It said in a late submission that its AirPods headphones, some of Apple's Beats headphones, and its new HomePod smart speaker would face levies, causing its shares to slip in late trading.

Retailers had successfully kept high-profile consumer electronics such as cell phones and television sets off of previous tariff lists. The administration should cease further tariffs actions and give another shot at talks for a trade deal with China, it said.

Companies such as Cisco and Hewlett-Packard say tariffs on Chinese networking equipment will ultimately make it more expensive for American consumers to access the Internet. Among the equipment hit were a number of components and devices used by USA tech firms, including chips and networking gear produced in Chinese factories. "We want lower (trade) barriers across the board", Kudlow said. "However, hope springs eternal".

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