Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world's two largest economies. WALL STREET: On Friday, smaller U.S. companies posted gains on signs of sustained economic growth, while the rest barely moved. US-CHINA TRADE: On Saturday, The Wall Street Journal reported that Trump was going ahead with plans to impose new tariffs on about $200 billion of Chinese imports. The two governments have already imposed 25 percent tariffs on $50 billion of each other's goods. Beijing has issued a list of another $60 billion of American products for retaliation if Trump's next tariff hike goes ahead.

Source: ABC News September 17, 2018 03:56 UTC