Trump pushing for $200 bn tariffs on China

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Trump's top economic adviser, Larry Kudlow told Fox News on Wednesday that the United States government had received information that "the top of the Chinese government wished to pursue talks" prompting Mnuchin to send an invitation.

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

This year, imports from China through July were up almost 9 percent over the same period of 2017, according to US Census Bureau data. In July, China raised the tariff on imports of US autos to 40 percent just days after broadly cutting duties on foreign-made vehicles and parts to 15 percent from 25 percent.

The next round of United States tariffs on Chinese goods is likely to make thousands of products, including dishwashers, Fitbit fitness trackers and food seasonings, more expensive for American consumers, CNN reported.

Trump frequently criticised "unfair trade" between the USA and China while on the campaign trail for the 2016 presidential elections.

The Donald Trump administration is pushing forward to slap trade tariffs amounting to Dollars 200 billion of Chinese products as the trade war between Washington and Beijing showed no signs of abetting.

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US President Donald Trump has made a decision to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported on Saturday. These tariffs are paid by USA companies that import the products, though they often pass the costs along to US consumers in the form of higher prices. He has warned of additional waves of tariffs on up to $500 billion in Chinese goods.

The White House said on Friday that Trump "has been clear that he and his administration will continue to take action to address China's unfair trade practices". -China trade relations, address long-standing inequities and level the playing field. Envoys from the two countries last met August 22 in Washington but reported no progress.

A White House spokesman didn't immediately respond to a request for comment on Saturday afternoon.

Treasury Secretary Steven Mnuchin was planning to restart talks with China soon.

Depending on how the talks go, Liu may then speak with Trump.

The U.S. ran a $233.5 billion deficit in goods trade with China during the first seven months of the year, an 8 percent increase compared with the same period in 2017. The list of products mostly included industrial equipment to avoid directly hurting US consumers.

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