President Donald Trump has chose to impose tariffs on $200 billion in Chinese goods, two people briefed on the decision said, one of the most severe economic restrictions ever imposed by a US president.
The report comes after the White House invited Beijing to hold new talks on their tariff dispute.
The tariff level will likely be about 10 percent, below the 25 percent announced when the administration first said it was considering this round of tariffs, the newspaper said, quoting people familiar with the matter.
Trump met top aides earlier this week on the tariff issue and directed aides to proceed with plan.
The 10 percent tariff was scaled back from Trump's initial plan to impose 25 percent penalties on all of these imports. But Trump later raised questions about it, saying on Twitter that he was under no pressure to make a deal with Beijing and predicting that the United States "will soon be taking in Billions in Tariffs & making products at home".
Some of them have criticized Trump's tactics, but many echo U.S. complaints about Chinese market barriers and industrial strategy.
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The United States imports roughly $500 billion worth of Chinese goods each year, and - combined with existing tariffs - these new penalties would cover half of all goods sent to the United States from China. USA officials also worry they might erode USA industrial leadership.
"If nearly a half of American companies anticipate a strong negative impact from the next round of USA tariffs, then the US administration will be hurting the companies it should be helping", Eric Zheng, chairman of AmCham Shanghai, said in a statement. And the Chinese Ministry of Foreign Affairs spokesman Geng Shuang suggested it could backfire.
Chinese Vice Premier Liu He (left) is expected to meet with Treasury Secretary Steven Mnuchin (right) in talks on September 27 and 28.
Trump said, "there's another $267 billion ready to go on short notice if I want".
China, which has accused the U.S. of trade bullying, has matched the tariffs dollar for dollar.
About it reports Reuters, citing a senior official in the White house, reports the online edition of the Chronicle.info with reference to the Correspondent. Officials from both countries have met four times for formal talks, most recently in August, when Treasury's undersecretary for global affairs, David Malpass, led discussions in Washington with Chinese Vice Minister Wang Shouwen. He wants China to buy more American products, open up China to more USA investment, and stop stealing US intellectual property, among other things.