The Trump administration is moving forward with plans to impose new tariffs on $200 billion of Chinese imports. Beijing is considering retaliatory measures, according to The Wall Street Journal.
Both sides were preparing to hold new talks on their tariff dispute. Last week President Donald Trump told reporters such a move could come “very soon.”
The Journal cited unnamed people familiar with the matter who said the tariff level will likely be set at about 10 percent, below the 25 percent announced earlier this year.
This summer Trump imposed 25 percent tariffs on a total of $50 billion worth of Chinese goods, and Beijing retaliated. Beijing has issued a list of another $60 billion of American products for retaliation if the next tariff hike goes ahead.