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

President Donald  approved   $50 billion of goods, familiar decision said, as . ratchets up its fight over ’s alleged pressure . firms to transfer technology to partners.

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

It wasn’t clear the tariffs would go into effect. 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 in the Federal Register week, the 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 has held hearings on the 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 of the products from the and add others, especially - items, the familiar 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 said it had prepared its own $50 billion lists 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 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 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. 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 that Mr. Trump was to a decision on tariffs, hawks offered qualified support the president. Rep. Rosa DeLauro (D., Conn.), a longtime opponent of -trade deals, said: “tariffs must be seen as one tool among our country can use to bad actors China accountable and to bring the Chinese government to the table to secure a favorable balance of trade.”

But . 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 U.S. taxes progressive.