Trump 'ready' to intensify trade war with China
Washington, July 20 : US President Donald Trump has said he is ready to intensify his trade war with China by slapping tariffs on all imports worth $500 billion.
"I'm ready to go to 500," he told CNBC's Joe Kernen in a "Squawk Box" interview broadcasted on Friday.
The reference was to the dollar amount of Chinese exports to the US in 2017 -- $505.5 billion to be exact, compared to the $129.9 billion worth of Chinese imports from the US, according to the Census Bureau data.
Last week, Washington listed $200 billion worth of additional Chinese products it intends to place under the tariff regime on as soon as September.
The list named more than 6,000 items including food products, minerals and consumer goods such as handbags, to be subjected to a 10 per cent tariff. It is still under public consultation that will go on till the end of August.
The US and China already imposed tit-for-tat tariffs of $34 billion on each other's goods.
"I'm not doing this for politics, I'm doing this to do the right thing for our country," Trump said. "We have been ripped off by China for a long time."
The President said the US was "being taken advantage of" on a number of fronts, including trade and monetary policy. Yet he said he has not pushed the tariffs out of any ill will towards China.
"I don't want them to be scared. I want them to do well," he said. "I really like President Xi Jinping a lot, but it was very unfair."
Trump also said he was told by unspecified Chinese officials that "nobody would ever complain" from past administrations "until you came along - me. They said, 'Now you're more than complaining. We don't like what you're doing.'"
The US also wants China to stop practices that allegedly encourage transfer of intellectual property -- design and product ideas -- to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.
Trump previously hinted at such an escalation, telling reporters two weeks ago that there was "$300 billion in abeyance" after the $200 billion of goods covered by the latest list, but this is his most explicit threat yet.
Many companies in the US are opposed to the administration's use of tariffs against China, saying they risk hurting business and the economy without being likely to change behaviour.
European stock markets fell after the interview was broadcast, with the FTSE 100 down 0.2 per cent.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Cong seeks thorough probe into Goa nightclub fire; Rahul alleges criminal failure of governance
New Delhi (PTI): The Congress on Sunday demanded a comprehensive investigation and strict accountability for the tragic fire at a nightclub in Goa that killed 25 people, with Rahul Gandhi claiming it was a criminal failure of safety and governance.
The fire broke out at Birch by Romeo Lane, a popular nightclub at Arpora village in North Goa, early Sunday, killing at least 25 people, including four tourists and 14 staff members, and injuring six others.
Congress president Mallikarjun Kharge expressed his deepest condolences to those who lost their loved ones in the blaze.
“This avoidable tragic incident is an irreparable loss, and I pray for the speedy recovery of all those who have been injured.
ALSO READ: https://english.varthabharati.in/india/25-killed-6-injured-in-fire-at-nightclub-in-goa
“Such tragedies call for a comprehensive investigation, strict accountability, and immediate steps to ensure that all fire safety norms are enforced, so that such devastating incidents are never repeated,” Kharge said in a post on X.
The veteran leader also appealed to all the Congress workers in the coastal region to extend every possible support and assistance to the affected families and stand with them in this hour of grief.
Rahul Gandhi, the Leader of Opposition in Lok Sabha, said he was deeply pained by the tragic fire in Arpora.
“My heartfelt condolences to the bereaved families and wishes for the speedy recovery of the injured. This is not just an accident; it is a criminal failure of safety and governance. A thorough, transparent probe must fix accountability and ensure such preventable tragedies don't occur again,” Gandhi said in an X post.
Congress general secretary in charge of organisation, K C Venugopal, sought fixing of accountability for the tragic blaze so that such incidents are not repeated.
"The fire at a night club in Arpora, Goa, is shocking and I convey my heartfelt sympathies to the families of the victims who lost their lives.
"This tragedy took place because of the negligence of the authorities in enforcing fire safety norms. We urge a thorough and impartial investigation to identify those responsible and to ensure accountability, so that such a tragedy is never repeated," he said in a post on X.
Deeply pained by the tragic fire in Arpora, Goa that claimed more than 20 lives. My heartfelt condolences to the bereaved families and wishes for the speedy recovery of the injured.
— Rahul Gandhi (@RahulGandhi) December 7, 2025
This is not just an accident, it is a criminal failure of safety and governance. A thorough,…
