US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.
Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.
Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China.
Trump raised the ante, vowing to target an additional $200 billion of Chinese goods, but he hasn’t officially imposed them even after a deadline passed.
Trump has criticized China’s record trade surplus with the U.S. and openly questioned whether it was manipulating its currency.
The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.
On Thursday, China had welcomed a US offer to hold fresh trade talks, providing some hope the world’s top two economies could step back from the brink of an all-out trade war.
In a statement to CNBC, the White House said, “The President has been clear that he and his administration will continue to take action to address China’s unfair trade practices. We encourage China to address the long standing concerns raised by the United States.”
Earlier this month, Trump told reporters traveling with him on Air Force One that he could go after another $267 billion of goods on top of the $200 billion and the previously imposed tariffs.
Tariffs ranging from 5 to 25 percent apply to thousands of products, including cameras, recording devices, tires and vacuum cleaners.
China has vowed to respond.