Trump ready for tariffs on Chinese imports

Lisa Lambert

US President Donald Trump says he is poised to place tariffs on $US500 billion ($A679 billion) of imported goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.

"We're down a tremendous amount," Trump said in the interview, which was recorded on Thursday, about trade imbalances with China.

"I'm ready to go to 500."