Trump threatens $16B in additional tariffs on Chinese products

China responded to his first round of tariffs, which slapped a 25 percent tax on certain items, with similar tariffs.
1:23 | 07/06/18

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Transcript for Trump threatens $16B in additional tariffs on Chinese products
And a new trade battle is raging tht after the u.s.-impos tariffsn bills worth of Chinese imports and they retalia in kind they are accusing the United States ofng a trade Y. President trump says he is planning a second round of tariffs.abc's adri Bankert from Hong Kong tonight. Reporter: From a wa words full on battle. I respect China and I respect esident XI, but they've been killing us Reporter: Today the trump administration imposing tariffs worth $34 Bonn certain chinesproducts. The president promises another $16 billion op of that in his effort C a more than $300 billion trade deficit with ch China lashing out accusing the U.S. Of lung the biggest trade war in economic history, ickly retaliating with similar tariffs expected to hit American goods, including soybeans a po. This American farmer claims the tariff threatlone hurt his bottom line. We'een somewhertween a 10% to 20% price dropoff our grs sales that's enough to take a majority chunk out of ourfits rightre. Reporter: Todays actions against China folng tariffs aimed at allies including Canada and thro union, targeting steel, aluminum, solar panels and foreign washing chines.waing machine prices spiking 17% in rt months. Whsome applaud this strong stanmany here wonder whether doing business here will become modifficult, to

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