With Reuters having published the part of its exclusive Trump interview in which the president discusses North Korea and Russia, and in which he said that it is "very possible" the crisis with North Korea can't be resolved in a peaceful way, moments ago Reuters published highlights from the remainder of Trump's interview, which discloses more from Trump's trade agenda. Here are the Reuters headlines: TRUMP SAYS HE HOPES THERE WON'T BE A TRADE WAR WITH CHINA, BUT "IF THERE IS, THERE IS." TRUMP SAYS U.S. IS CONSIDERING "BIG DAMAGES" IN PROBE OVER ALLEGED CHINA INTELLECTUAL PROPERTY THEFT TRUMP SAYS HE MAY TERMINATE NAFTA AGREEMENT, A LOT OF PEOPLE WOULD BE UNHAPPY IF HE DID: RTRS Mexico’s peso pared some of today's gains on the news Trump "may" terminate Nafta agreement, with the MXN falling 0.5% to 18.6833/USD vs session high 18.58, although the bullet hardly says something we haven't known already. And touching on China's threat to sell Treasurys if there is a trade war, Trump said: TRUMP SAYS ANY CHANGE IN CHINA'S PURCHASES OF U.S. TREASURIES WOULD NOT HURT U.S. ECONOMY, SAYS EVERYBODY WANTS TO BUY TREASURIES More when Reuters published the full interview, but for now it appears that the trade war drums are beating louder ahead of the State of the Union speech at the end of the month, when Trump is expected to unveil a hard line approach to trade with China, something we discussed in "US And China Brace For Trade War That Could Rattle Global Economy", especially with the Chinese trade surplus surging during Trump's first year in office.