U.S. President Donald Trump and Chinese President Xi Jinping attend an event for business leaders inside the Great Hall of the People on November 9, 2017 in Beijing.

Nicholas Asfoury | AFP | Getty Images

Former President Donald Trump Intends to expand. US China trade war If he is re-elected to office in November, he will start during his first term as president.

gave The GOP The front-runner confirmed in an interview aired Sunday that he is considering plans to impose tariffs of 60 percent or more on Chinese goods in his potential second term.

“We have to do it,” he said in an interview on Fox’s “Sunday Morning Futures.”

The Washington Post first reported that its campaign was weighing a theoretical 60% Chinese tariff plan.

On Sunday, the former president said he could go even higher: “Maybe it’s going to be higher than that.”

Beyond China, the former president has said he would impose a blanket 10 percent tariff on all U.S. imports, despite widespread criticism of how it could hurt consumers.

Former Ambassador to the United Nations Nikki HaleyTrump’s only remaining presidential challenger, criticized the policy proposal that would hit his American pocketbooks.

“What is Donald Trump going to do, is he going to raise the costs of every household? $2,600 a year, Haley said in a January interview on CNBC’s “Squawk Box,” citing data from the fiscally conservative National Taxpayers Union.

His disapproval echoes concerns. Wall Street Investors worried that another China trade war will disrupt markets again.

In 2018, Trump launched a $250 billion wave. Tariffs against China. The country then hit back at the US with its own tariffs. Economic warfare which continued for years and disrupted global trade dynamics.

Trump’s trade war with China has cost Americans $195 billion since 2018, according to the American

Action Forum, a conservative think tank. According to the US-China Business Council, the economic war also resulted in the loss of more than 245,000 American jobs.

On time, Deutsche Bank It was estimated that the trade war was causing the stock market to lose trillions.

The tariff dispute also left the US and China, once each other’s biggest trading partners, in a geopolitical frenzy. President Joe Biden Has been trying to warm up the icy relationship throughout his administration.

Trump has attacked Biden for appeasing China, while at the same time expressing warm feelings toward China’s authoritarian president, Xi Jinping.

“I like President Xi very much,” Trump said Sunday. “He was a really good friend of mine during my time.”

Trump has in the past praised XI’s iron grip on his government and people. In an interview with Fox News’ Sean Hannity in December, Trump said he would be a dictator “from day one” if re-elected for a second term.

Trump later claimed in an interview that aired Sunday that he meant he would. “a dictator” On his first day in office, his “one day”, but only for one day. The comment, however, alarmed pollsters, and angered his opponents.

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