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

President Donald Trump arrives to speak at a Congressional Medal of Honor Society reception in the East Room of the White House in Washington. Trump is going ahead with plans to announce new tariffs

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

Washington, Sep 16 (AP) President Donald Trump is going ahead with plans to impose new tariffs on about United States dollars 200 billion of Chinese imports, The Wall Street Journal reported Saturday.

Both sides were preparing to hold new talks on their tariff dispute. Last week Trump told reporters such a move could come "very soon". Beijing has issued a list of another $US60 billion of American products for retaliation if Trump's next tariff hike goes ahead.

The upcoming tariffs will be on a list of items that included $200 billion worth of internet technology products and other electronics, printed circuit boards and consumer goods including Chinese seafood, furniture and lighting products, tires, chemicals, plastics, bicycles and vehicle seats for babies.

The 10 percent tariff was scaled back from Trump's initial plan to impose 25 percent penalties on all of these imports.

Reports said the timing for activating the tariffs is unclear as it has taken some time for the administration to revise the list of products to be targeted.

We will remind, the discontent of the trump causes the trade imbalance between States which, by estimations of Washington, is $ 500 billion in China's favor.

The initial round of USA tariffs has affected 80.5 percent of survey respondents in the automotive industry, and 75 percent say the Chinese duties have hit them.

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China will hit back at any new United States tariffs: ministry
Beijing has warned that it would hit an additional US$60 billion (NZ$92 billion) in American goods if Trump ordered more tariffs. American industry has come out strongly against Trump's tariffs, saying cost increases could raise prices for consumers.

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

About it reports Reuters, citing a senior official in the White house, reports the online edition of the with reference to the Correspondent.

Trump has also threatened another round of tariffs on $267 billion of Chinese goods.

But China is uncertain if talks are leading anywhere and whether the USA interlocutors speak for their mercurial and unpredictable president. The list of products mostly included industrial equipment to avoid directly hurting US consumers.

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

US President Donald Trump has made a decision to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported on Saturday.

Earlier this year, the U.S. also started charging levies on the imports of steel and aluminium from the European Union, Mexico and Canada.

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