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Trump wants to tariff additional $200 bil. in China imports: report

U. S. President Donald Trump, left, and Chinese President Xi Jinping (AP)

NEW YORK (Kyodo) -- U.S. President Donald Trump is eager to go ahead with a plan to slap tariffs of up to 25 percent on an additional $200 billion in Chinese imports soon, Bloomberg News reported Thursday.

He plans to impose the tariffs once a public-comment period on the proposed duties ends on Sept. 6, the news outlet said, quoting people familiar with the matter.

Some of those cited by Bloomberg indicated that Trump has not made a final decision yet and that Washington may enact the duties in installments.

The United States has so far invoked 25 percent levies on a total of $50 billion in Chinese goods, with Beijing retaliating in a tit-for-tat fashion to impose new tariffs on an equal value of U.S. goods.

Trump has demanded that China improve market access and intellectual property protections for American companies, remove industrial subsidies and cut its massive and chronic trade surplus with the United States.

The U.S. goods trade deficit with China totaled $375.23 billion last year, nearly half the U.S. trade deficit globally, according to U.S. Commerce Department data.

If tariffs are placed on the additional $200 billion worth of Chinese products, the United States would be taxing about half of the goods it imports from China each year.

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