Donald Trump is likely to announce new tariffs on Chinese imports as early as Monday, according to a senior administration official, speaking to Reuters.
The tariffs will be on about $200bn-worth of goods, including internet tech products and other electronics, and consumer goods including Chinese seafood, furniture, plastics, and bicycles.
The Wall Street Journal reported the tariff level will probably be about 10 percent, which is below the 25 percent the administration said it was considering.
The Trump administration has already levied duties on $50bn worth of goods.
But this week the world's two biggest economies looked like they were making progress on trade; fears of a trade war calmed after the Treasury invited senior Chinese officials for more talks, and Beijing welcomed the step.
According to Reuters, top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks that have seen the two sides struggle over the details of structural reform commitments by China...
Top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks, says Reuters. If the two sides fail to reach a deal by midnight on March 1, their seven-month trade war could escalate...