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

President  approved tariffs on about $50 billion of goods, people with decision said, as . ratchets up its fight with ’s alleged pressure on . 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, Commerce , . Representative’s .

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

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

The has held public hearings on the of 1,300 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 and add others, especially -tech items, the people with the matter said.

The U.S. decision could become the start of a tit--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 already said it had prepared its own $50 billion lists of U.S. goods that it would to tariffs, especially aircraft and soybeans.

After Beijing made that threat, upped the ante and said the U.S. would add another $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 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. also the same wise choice,” Mr. Wang said. “Of , we have also made preparations to to the second of choice.”

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

But Ms. DeLauro added that Mr. must come up with a “comprehensive strategy” 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 lower “-run” gross domestic product and wages by 0.06%, reduce employment by 45,293 positions and U.S. taxes progressive.