Optimum Customers: Your Newsday access has been extended until Oct 1st. Enroll now to continue your access.

LEARN MORE
TODAY'S PAPER
62° Good Evening
62° Good Evening
NewsNation

Trump going ahead with plans for new China tariffs, report says

The Chinese foreign ministry said Thursday that it was invited to hold new talks. Envoys from the two countries last met Aug. 22 in Washington but reported no progress.

President Donald Trump at the White House on

President Donald Trump at the White House on Sept. 12. Photo Credit: AP/Susan Walsh

WASHINGTON  — President Donald Trump is going ahead with plans to impose new tariffs on about $200 billion of Chinese imports, The Wall Street Journal reported Saturday.

Both sides were preparing to hold new talks on their tariff dispute. Last week Trump told reporters such a move could come "very soon."

The Journal cited unnamed people familiar with the matter who said the tariff level will probably be set at about 10 percent, below the 25 percent announced earlier this year.

The two governments have already imposed 25 percent tariffs on $50 billion of each other's goods. Beijing has issued a list of another $60 billion of American products for retaliation if Trump's next tariff hike goes ahead.

White House spokeswoman Lindsay Walters declined to comment on the timing of a possible announcement, but said: "The President has been clear that he and his administration will continue to take action to address China's unfair trade practices. We encourage China to address the long standing concerns raised by the United States."

The Chinese foreign ministry said Thursday that it was invited to hold new talks. Envoys from the two countries last met Aug. 22 in Washington but reported no progress.

Beijing has rejected pressure from the United States to roll back plans for state-led development of Chinese global champions in robotics, artificial intelligence and other fields.

Washington, Europe and other trading partners say those plans violate China's market-opening commitments. American officials also worry they might erode U.S. industrial leadership.

Forecasters have warned that the worsening conflict between the world's two biggest traders could cut up to 0.5 percentage point off global economic growth through 2020 if all threatened tariff hikes go ahead.

China has tried without success to recruit Germany, France, South Korea and other governments as allies against Washington. Some of them have criticized Trump's tactics but many echo U.S. complaints about Chinese market barriers and industrial strategy.

News Photos and Videos

Important message for Optimum customers

Your Newsday digital access is changing as of 10/1

You recently received an email from Optimum’s parent company, Altice USA, informing you that Altice will no longer offer free Newsday digital access with Optimum's online service. Through an exclusive trial offer for Optimum customers, Newsday is pleased to extend your digital access at no cost until the end of the year.

I understand, no thanks