Trump 'likely' to announce new China tariffs as early as Monday

Remigio Civitarese
Settembre 16, 2018

US President Donald Trump and China's President Xi Jinping at a ceremony in China.

President Trump has given the green light to proceed with tariffs against $200 billion in Chinese goods, sources told Fox News Friday.

The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter.

A White House spokesman didn't immediately respond to a request for comment on Saturday afternoon.

The White House has not commented on the Bloomberg report.

"We encourage China to address the long standing concerns raised by the U.S.".

The timing of the actual application of the sanctions was not clear, but the move would mark the latest in an escalating trade war with Beijing as Trump seeks to combat what he sees as unfair trade practices from China.

Trump has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring USA technologies and intellectual property and roll back high-tech industrial subsidies.

The $200 billion tariff list included various internet technology products and other electronics, printed circuit boards, and consumer goods ranging from handbags to bicycles and furniture.

Chinese Vice Premier Liu He (left) is expected to meet with Treasury Secretary Steven Mnuchin (right) in talks on September 27 and 28.

China's Foreign Ministry said it welcomed the invitation.

China has threatened to retaliate against $60 billion of American products if Trump goes ahead with his tariffs. "If we meet, we meet?"

US President Donald Trump has already imposed 25% tariffs on steel imports and 10% on aluminum, as well as 25% on $50 billion in goods from China.

The U.S. imports roughly $500 billion in Chinese goods each year, and - combined with existing tariffs - these new penalties would cover half of all goods sent to the U.S. from China each year.

This year, imports from China through July were up almost 9 percent from the same period of 2017, according to U.S. Census Bureau data.

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