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

BETWEEN US AND CHINA:  approved tariffs on about $50 billion of Chinese goods, people the decision said, as the U.S. ratchets up its trade fight 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 Office.

It wasn’t clear the tariffs would go effect. Beijing 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 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 public 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 businesses. USTR is expected to cut some of the products from the list and add others, especially -tech items, the people familiar with the matter said.

The U.S. decision become the start of a tit--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 said it had prepared its $50 billion list 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 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 side and confrontation and mutual loss on the other.

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

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

As word filtered through Washington 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 deals, said: “tariffs must be seen as one tool among many our can 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 must come up with a “comprehensive ” for dealing with Beijing.

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

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