WASHINGTON DC - U.S. President Donald Trump has indicated he is not done with introducing tariffs on Chinese-produced goods.
He has also hit out at China, which he says is meddling in U.S. elections, to a greater degree than Russia.
Asked in an interview on CBS' Sixty Minutes whether he wanted to force China into a depression, Mr Trump answered, "No. I want them to negotiate a fair deal with us. I want them to open their markets like our markets are open.
He went on to say more tariffs might be in the mix.
"I have a great chemistry with President Xi of China. I don't know that that's necessarily going to continue. I told President Xi we cannot continue to have China take $500 billion a year out of the United States in the form of trade and others things," he said.
"And I said we can't do that, and we're not gonna do that anymore."
Asked by 60 Minutes interviewer Lesley Stahl: "How much squeezing of them are you prepared to do when American products are gonna be more expensive for American consumers in the end of all this?"
The president responded, "Okay. Okay. So, so far, that hasn't turned out to be the case. If you think about it, so far, I put 25% tariffs on steel dumping, and aluminium dumping 10%," he said.
"They can retaliate, but they can't, they don't have enough ammunition to retaliate. We do $100 billion with them. They do $531 billion with us," he added.
Asked if he was trying to push China into a depression, Mr Trump replied: "I don't want that. No, I don't want that. I want them to negotiate a fair deal with us. I want them to open their markets like our, our markets are open."
To date, the U.S. has applied tariffs on goods worth $250 billion, which has brought retaliatory tariff-setting from China.
When asked on 60 Minutes about Russian President Vladimir Putin and the Russian efforts to influence the 2016 presidential election, Mr Trump replied, "They meddled, but I think China meddled too.
He went on to say: I think China meddled also. And I think, frankly, China is a bigger problem.