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US set to hit China with new tariffs even as Trump says he'll meet Xi

If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import duties

trade war
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China announced Monday its plans to raise duties on some $60 billion in American imports starting June 1, defying a call from Trump to resist escalating the trade war. Photo: Shutterstock

Margaret Talev, Shawn Donnan and Miao Han | Bloomberg
The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.

The US Trade Representative’s office Monday released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff.

If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import duties. It also would turn the president’s trade wars into