President Approves $50 Billion of Goods,  USTR to announce subject to tariffs on Friday; has said it would retaliate. according to an article published Wall Street Journal on June 14th  by Bob Davis and Peter Nicholas. with the contribution of Vivian Salama and Lingling Wei.

POLITICS WAR BETWEEN US CHINA:  approved tariffs on about $50 billion of Chinese goods, with the decision said, as the . ratchets up its trade fight with Beijing over China’s alleged pressure on U.S. firms to transfer technology to Chinese partners.

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

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

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

The office has held hearings on the list of 1, categories of products to see whether duties on any of the goods it selected would unduly harm U.S. and . USTR is expected to cut some of the products from the list and add others, especially high- items, the people familiar 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 China with tariffs, China immediately retaliate with tariffs, said a Chinese official. “We hate unilateral actions,” the official said.

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

After Beijing made that threat, President 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 what goods would be included in 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 one and confrontation and mutual loss on the other.

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

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

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

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

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

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