President Trump said Thursday that while trade negotiations remain ongoing with China, his administration was preparing “at least” $300 billion in new tariffs on their goods if the talks fall apart.

“Our talks with China, a lot of interesting things are happening. We’ll see what happens … I could go up another at least $300 billion and I’ll do that at the right time,” Trump told reporters Thursday in Ireland’s Shannon Airport.

Recommended Stories

China: Trump’s tariffs will lead to ‘world recession’

Farm groups praise $12 billion aid package, urge pullback on trade fights

White House backing off demand for written commitments on China trade deal enforcement, Grassley says