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Trump to meet advisers on China tariffs as Beijing urges talks

Reuters  |  WASHINGTON/BEIJING 

By and Ben Blanchard

WASHINGTON/(Reuters) - U.S. will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on Chinese goods, a senior said, as again urged talks to settle the dispute.

Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday. People familiar with the revisions said that the list will be slightly smaller than the original, with some goods deleted and others added, particularly in the

Another administration said that a draft document showed that the new list would still be close to $50 billion, with about 1,300 product categories, but both the dollar amount and quantity of products were still subject to change.

It remains unclear when Trump would activate the tariffs if he decides to do so. Several industry lobbyists told that they expect the move to come as early as Friday, with publication of a Federal Register notice, or it could be put off until next week.

If implements tariffs, is expected to hit back with its own duties on U.S. imports including soybeans, cars, and planes, according to a list it released in early April.

Under the 1974 that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days. He can also delay the tariffs by another 180 days if the U.S. Trade Representative's office finds that negotiations with are yielding progress.

"The president's trade team has recommended tariffs. If there are not tariffs, it will be because the has decided that he's not ready to implement tariffs," a person familiar with the administration's deliberations told

But that recommendation came prior to Trump's trip late last week to for the leaders summit and to for talks with North Korean leader to defuse a nuclear standoff on the

Trump returned to early on Wednesday morning. In an interview aired on Wednesday, Trump told that he was "very strongly clamping down on trade" with

Asked how strong, Trump said: "Well, I think very strongly. I mean you'll see over the next couple of weeks. They understand what we are doing."

Trump did not specifically mention the tariffs and added that he has "a very good relationship with (Jinping) of China."

The move toward activating U.S. tariffs on Chinese goods follows negotiations between U.S. and Chinese officials centered on increased purchases by of American farm and and cutting the U.S. trade deficit with China.

earlier this month met with Chinese officials in Beijing and brought back a Chinese proposal to purchase around $70 billion worth of additional commodities and manufactured goods. But that offer has not been accepted by Trump, people familiar with the matter said.

said on Thursday that those talks had yielded progress, and reiterated China's warning that any agreements reached on trade and business between the two countries will be void if implements tariffs and other trade measures.

"The essence of China-U.S. trade and business ties is cooperation and win-win. We have consistently upheld that both sides should appropriately resolve relevant trade and business problems ... via dialogue and consultations," he said.

The administration's trade hawks, including U.S. and trade and adviser Peter Navarro, have advocated a tougher approach to address U.S. allegations that China has misappropriated American intellectual property through joint venture requirements, state-backed acquisitions of U.S. and outright theft.

Amid the rising trade tensions, China's said Chinese exporters have been front-loading their shipments due to changes in the international trade environment.

(Reporting by and in WASHINGTON and Ben in BEIJING; Editing by Simon Cameron-Moore)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, June 14 2018. 14:25 IST
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