President Donald Trump said on Thursday it's time to stop China from “taking advantage” of America, just as a top adviser said the administration will ask allies to pressure Beijing on its trade policies.

Trump showed no sign of backing down after the U.S. on Tuesday threatened to impose tariffs on $50 billion in imports from the Asian country for alleged violations of intellectual-property rights. Beijing responded the next day with plans to levy tariffs on U.S. products.

“You have to go after the people who aren't treating you right,” Trump said in West Virginia. “We're going to have a fantastic relationship long term with China, but we have to get this straightened out, we have to have some balance.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.