(MENAFN) U.S. President Trump threatened Friday evening of further intense tariffs on the import of Chinese products amid an ongoing row between the two countries.
Stocks ended the day on Friday with a devastating decline, posting a plunge by 623 points in the Dow Jones Industrial Average.
Trump stressed: "for many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more."
"Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight. Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer," he added.