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

 approved   about $50 billion of , decision said, as . ratchets up its fight Beijing ’s alleged pressure on . firms to transfer to partners.

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

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

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

The has held public hearings on the of 1,300 categories of to see whether duties on any of the goods it selected would unduly harm U.S. consumers and . USTR is expected to cut of the from the 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, will immediately retaliate with tariffs, said a official. “We hate unilateral actions,” the official said.

Beijing has already said it had prepared its $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 what goods would be included in that batch.

On Thursday, 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 ,” Mr. Wang told a joint 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 course, we have also made preparations to respond to the second of choice.”

As word filtered through Washington that Mr. was about 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 one tool among our use to hold bad actors like 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 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 “long-run” gross domestic product and wages by 0.06%, reduce employment by 45,293 positions and U.S. taxes progressive.