>> The Trump administration is ready up the tariff fight with China, this time, looking to slap tariffs on $200 billion worth of Chinese made goods, that will drag the consumer electronics sector into the brawl. White House Economic Advisor, Larry Kudlow, confirming Monday some of the broad details of President Trump's plan.
>> Tariffs on a couple hundred billion dollars, he has not been satisfied with the talks with China on this. The President has talked about it and announcements will be coming soon.>> Trump using Twitter Monday to ramp up the threat, quote, if countries will not make fair deals with us, they will be tarriffed.
>> We are ready to negotiate and talk with China anytime that they are ready for serious and substantive negotiations towards free trade. To reduce tariffs and non tariff barriers.>> The Chinese say they are willing to talk, but find Trump's tariff threats nothing short of a bullying tactic which they won't tolerate.
> And Beijing isn't backing down, warning in an editorial that it is looking for a counterattack and threatened to, quote, keep increasing the pain.
The threat, knocking down tech stocks like Apple, and chip makers, Intel and Micron, since gadget makers rely heavily on Chinese production to keep prices down.