Donald Approves New Against Chinese Goods for $50 Billion,  USTR to announce products to Friday; has said it would retaliate. according to an published Journal 14th  by Bob Davis  Peter Nicholas. with contribution of Vivian Salama Lingling Wei.

Donald  approved   $50 billion of Chinese goods, people familiar with decision said, as . ratchets up its fight with Beijing ’s alleged pressure on . firms to transfer to Chinese partners.

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

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

USTR expects to announce the goods to tariffs on Friday and publish the Federal Register 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 list that USTR released early April.

The 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 businesses. USTR is expected to cut of the products from the list and add , 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 with tariffs, will immediately retaliate with tariffs, said a Chinese official. “We hate unilateral actions,” the official said.

Beijing has 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 that batch.

On Thursday, Chinese Foreign Minister Wang Yi said China and the U.S. faced a choice between cooperation and mutual on the side 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. side can 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 Washington that Mr. Trump was to a decision on tariffs, hawks offered qualified support for the . Rep. Rosa DeLauro (D., Conn.), a longtime opponent of - , said: “tariffs must be seen as tool among our country can 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. Trump must 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 -run” gross domestic and wages by 0.06%, reduce employment by 45,293 positions and U.S. taxes less progressive.