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

President Donald Trump approved tariffs on about $50 billion of Chinese goods, people familiar with the decision said, as the U.S. ratchets up its trade fight with over China’s alleged pressure on U.S. firms to transfer technology to Chinese partners.

The approval followed 0-minute meeting on Thursday of senior House officials, national-security officials and senior representatives of the Treasury, Commerce Department, U.S. Trade Representative’s Office.

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

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

The office 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. consumers and businesses. USTR is expected to cut some of the products the and add others, especially high-tech items, the people familiar with the matter said.

The U.S. decision could become the start of tit--tat series of retaliatory moves. If the U.S. hits China with tariffs, China will immediately retaliate with tariffs, said Chinese official. “We hate unilateral actions,” the 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 made that threat, President Trump 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 what goods would be included in that batch.

On Thursday, Chinese Foreign Minister Wang Yi said China and the U.S. faced choice between cooperation and mutual on the one and confrontation and mutual loss on the other.

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

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

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

But Ms. DeLauro added that Mr. Trump must come up with a “comprehensive strategy” dealing with Beijing.

The conservative Tax 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 45,23 positions and make U.S. taxes progressive.