Politics
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
- Additional tariffs would come on top of $250 billion imposed
- Expectation for de-escalating trade war at G-20 said to be low
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The U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war, three people familiar with the matter said.
An early-December announcement of a new product list would mean the effective date -- after a 60-day public comment period -- may coincide with China’s Lunar New Year holiday in early February. The list would apply to the imports from the Asian nation that aren’t already covered by previous rounds of tariffs -- which may be $257 billion using last year’s import figures, according to two of the people.