Trump: ‘Tariffs have put the U.S. in a very strong bargaining position’

Trump: ‘Tariffs have put the U.S. in a very strong bargaining position’

President TrumpDonald John TrumpTrump cites tax cuts over judges as having biggest impact of his presidency Trump cites tax cuts over judges as having biggest impact of his presidency Ocasio-Cortez claps back at Trump after he cites her in tweet rejecting impeachment MORE on Monday said tariffs "have put the U.S. in a very strong bargaining position," adding that countries "will be 'Tariffed!'" if they don't make fair deals with Washington.

"Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been almost unnoticeable," Trump wrote on Twitter. "If countries will not make fair deals with us, they will be 'Tariffed!'"

Trump's tweet came as he is expected to announce $200 billion in tariffs on Chinese goods as early as Monday. 

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Trump added in a separate tweet that "Our Steel Industry is the talk of the World." Trump earlier this year announced global tariffs of 25 percent on imported steel.

"Our Steel Industry is the talk of the World. It has been given new life, and is thriving," he tweeted. "Billions of Dollars is being spent on new plants all around the country!"

Trump last week told aides to move forward with the $200 billion in tariffs on Chinese goods, Bloomberg News reported. The nations have already gone back-and-forth with tariffs since Trump has been president, each imposing $50 billion worth of tariffs. 

Trump expressed confidence last week that his tariffs plan with China would be successful.

"They are under pressure to make a deal with us," he tweeted last Thursday. "Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?"

China’s foreign ministry said on Monday that Beijing would respond if Trump implements the new tariffs, Reuters reported.