Trump Continues to Signal More China Tariffs Likely; China Pledges Retaliation

The comment period on tariffs that would be put in place on another $200 billion in Chinese goods ended Thursday, and President Donald Trump said Wednesday the U.S. will keep pushing on China."We have done very well in our negotiations with China, but we are not prepared to make the deal they would like to make," Trump said in a session with GOP lawmakers. The U.S. is already taking in "billions of dollars of taxes coming in from China," he noted, adding that there is the potential for "billions and billions of dollars more."Trump further noted the U.S. is "doing very well in our discussions with China. We are doing, maybe more importantly, very well with respect to China. But hopefully that will all work out in the not-too-distant future."For its part, China warned they will retaliate if the U.S. goes ahead with additional tariffs on Chinese goods. "If the United States, regardless of opposition, adopts any new tariff measures, China will be forced to roll out necessary retaliatory measures," Commerce Ministry spokesman Gao Feng said at a news conference. Plus, China will adopt measures to help Chinese or foreign firms that are impacted by new tariffs, he noted."China is confident, capable and able to maintain steady and healthy development of the Chinese economy," Gao stated.