U.S. President Donald Trump threatens to impose tariffs on all Chinese imports.

The U.S. President made the comments aboard Air Force One Friday saying he’s prepared to impose tariffs on another $267 billion in Chinese goods, in addition to the $200 billion tariffs that could be rolled out any time.

On Thursday, China’s Commerce Ministry said it will respond with tariffs on an additional $60 billion in U.S. goods.

The next round of tariffs could impact thousands of consumer goods.

CGTN’s Jessica Stone has this report.

Follow Jessica Stone on Twitter @JessicaStoneTV 

To discuss:

• Yan Liang is an associate professor of Economics at Willamette University.
• Qinduo Xu is a senior researcher with Pangoal Institution.
• Jeff Moon is an International Trade and Government Affairs consultant and a former Assistant U.S. Trade Representative for China.
• Merrill Matthews is a resident scholar with the Institute for Policy Innovation.

For more:

President Trump says the U.S. could move "very soon" to hit China with $200B in new tariffs https://t.co/Brd4zaPAi7 pic.twitter.com/E6cmyw0qi8

— CBS News (@CBSNews) September 7, 2018

Small US businesses are bracing themselves for the first direct hit from the Trump administration's tariffs on Chinese imports — and are warning that customers may have to foot the bill. https://t.co/aObGNf9klG

— Financial Times (@FinancialTimes) September 7, 2018