Donald Approves Tariffs Against Goods for $50 Billion,  USTR to announce subject to tariffs on Friday; has said it would retaliate. according to an article published the on 14th  by Bob Davis  Peter Nicholas. with the contribution of Vivian Salama Lingling Wei.

Donald  approved tariffs on $50 billion of goods, with the decision said, as the U.S. ratchets up its fight with ’s alleged pressure on U.S. firms to transfer to partners.

The approval followed a 90-minute meeting on Thursday of senior White officials, national-security officials senior representatives of the Treasury, , U.S. Representative’s .

It wasn’t clear when the tariffs would go into . has said that it intends to assess tariffs on a corresponding of U.S. goods.

USTR expects to announce the goods subject to tariffs on Friday and publish the Federal Register next week, the with the matter said. The affected imports would face 25% tariffs; the are expected to be similar to those on a preliminary list that USTR released early April.

The has held hearings on the list of 1,300 categories of to see duties on any of the goods it selected would unduly harm U.S. and businesses. USTR is expected to cut of the products from the list and add , especially items, the with the matter said.

The U.S. decision could become the start of a tit-for-tat series of retaliatory moves. If the U.S. hits with tariffs, immediately retaliate with tariffs, said a Chinese official. “We hate unilateral actions,” the official said.

has said it had prepared its own $50 billion lists of U.S. goods that it would subject to tariffs, especially aircraft and soybeans.

After Beijing made that threat, upped the ante and said the U.S. would add $100 billion of goods to the U.S.’s tariff list. The U.S. hasn’t followed up on that threat by enumerating goods would be included that batch.

On Thursday, Chinese Foreign Minister Wang Yi said China and the U.S. faced a choice between cooperation and mutual benefit on the and confrontation and mutual loss on the other.

“China chooses the ,” Mr. Wang told a joint news conference, after talks with U.S. Secretary of State Mike Pompeo in Beijing.

“We hope the U.S. also the same wise choice,” Mr. Wang said. “Of , we have also made preparations to respond to the second of choice.”

As word filtered through that Mr. Trump was to a decision on tariffs, hawks offered qualified support for the . Rep. Rosa DeLauro (D., Conn.), a longtime opponent of free- deals, said: “tariffs be seen as tool among many our use to bad actors China accountable and to bring the Chinese government to the table to secure a more favorable balance of trade.”

But Ms. DeLauro added that Mr. Trump come up with a “comprehensive strategy” for dealing with Beijing.

The conservative Foundation calculated that the tariffs on Chinese imports, coming on of U.S. tariffs on steel and aluminum exports, would lower “long-run” gross domestic and wages by 0.06%, reduce employment by 45,293 positions and U.S. taxes less progressive.

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