Trump to announce new China tariffs as early as Monday

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According to the Agency, we are talking about items worth $ 200 billion.

"There's some discussions and information that we received that the Chinese government - the top of the Chinese government wished to pursue talks", Kudlow said. He wants China to take steps including buying more American products, opening itself up to more USA investment and ending what he says is its theft of us intellectual property.

Treasury Secretary Steven Mnuchin was planning to restart talks with China soon. In China, the yuan jumped and stocks rose.

The President of the USA Donald trump Monday, September 17, may announce the imposition of new duties on imported Chinese goods.

But since companies submitted responses anonymously, it is unclear to what extent high-profile USA automakers are affected. The open question, of course, is how much action is enough and can China find a way to move that will be seen as being in its own interest, not kowtowing to the U.S. That's below the 25 per cent announced earlier this year.

"And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That's what we've been asking for months and months". This is below the 25 percent the administration said it was considering for this possible round of tariffs. More recently lower level trade officials from each country have met in Washington, DC with little news of any progress.

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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.

Last month the U.S. Trade Representative's office held over a week of hearings with leaders in many industries on the potential additional tariffs.

Earlier this week, the USA president had met with top officials and has directed them to proceed with the plan to impose tariffs on China.

This year, imports from China through July were up almost 9 percent from the same period of 2017, according to U.S. Census Bureau data.

Trump has already levied duties on Dollars 50 billion worth of Chinese goods based on his demands that China reduce its Dollars 375 billion trade surplus with the United States and make sweeping changes to policies on intellectual property and technology transfers and roll back high tech industrial subsidies. The open question, of course, is: "How much action is enough, and can China find a way to move that will be seen as being in its own interest, not kowtowing to the USA?" If imposed, those tariffs would bring the total imports from China subject to penalties to more than $500 billion.

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