U.S. President Donald Trump has reportedly directed his aides to proceed with fresh tariffs on Chinese goods.
The Wall Street Journal reports that the measures could be announced as early as Monday.
Kim Hyo-sun tells us more.
The Trump administration is set to announce additional tariffs on Chinese goods worth some two-hundred billion U.S. dollars.
Citing a senior government official,... the Wall Street Journal reported over the weekend that the new tariffs could come as early as Monday local time.
It also explained that the new tariffs, as instructed by President Trump, will be set at ten percent,... lower than the initial figure of 25 percent.
President Trump has signaled numerous times during the past weeks that he could slap additional tariffs on a wide range of consumer goods manufactured in China.
Aside from such measures,... U.S. Treasury Secretary Steven Mnuchin has made clear that high-level talks aimed at alleviating the trade tensions between Washington and Beijing will be held late next week.
While the U.S. aims to squeeze Beijing,... the Trump administration's additional tariffs could jeopardize the discussions,... and lead to fresh retaliation from China.
The trade war was initiated by Washington's 25 percent tariff on 34 billion dollars worth of Chinese goods in July,... prompting China to hit back with its own levies on American goods worth the same amount.
Kim Hyo-sun, Arirang News.