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Trump approves plan to impose tough China tariffs

AP  |  Washington 

has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as today, a move that could put his trade policies on a collision course with his push to rid the of nuclear weapons.

Trump has long vowed to fulfill his campaign pledge to clamp down on what he considers unfair Chinese trading practices. But his calls for billions in tariffs could complicate his efforts to maintain China's support in his negotiations with

Trump met several Cabinet members and trade advisers yesterday and was expected to impose tariffs of at least $35 billion to $40 billion on Chinese imports, according to an and an administration official familiar with the plans. The tariffs could reach $55 billion, said the The officials spoke on condition of anonymity in order to discuss the matter ahead of a formal announcement.

If the presses forward as expected, it could set the stage for a series of trade actions against and lead to retaliation from Trump has already slapped tariffs on and aluminum imports from Canada, and European allies, and his proposed tariffs against risk starting a trade war involving the world's two biggest economies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 15 2018. 08:35 IST