WASHINGTON (REUTERS) - US President Donald Trump plans to announce new tariffs of about US$200 billion (S$270 billion) on Chinese imports as early as Monday, the Wall Street Journal reported on Saturday (Sept 15). The Trump administration is demanding that China cut its US$375 billion trade surplus with the United States, end policies aimed at acquiring US technologies and intellectual property and roll back high-tech industrial subsidies. The US$200 billion tariff list included various internet technology products and other electronics, printed circuit boards, and consumer goods ranging from handbags to bicycles and furniture. The Trump administration has already levied duties on US$50 billion worth of Chinese goods following a study on China's intellectual property practices released earlier this year. Adding in the US$200 billion list and another US$267 billion of Chinese goods, total imports from China facing tariffs would exceed the US$505 billion in goods that the United States imported from China last year.

Source: Wall Street Journal September 15, 2018 21:00 UTC