Trump says China trade move 'could' hit imports up to $60 bn

US President Donald Trump today signed off on tariffs against China that "could" hit imports worth as much as USD 60 billion, but insisted the country was still a "friend."

"I have tremendous respect for President Xi (Jinping)," Trump said, trying to limit the fallout from a domestically driven policy.

"We have a great relationship". "I view them as a friend," he said.