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Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say

  • President instructed trade advisers to proceed with new round
  • Mnuchin has made overture to Beijing for fresh negotiations
Bloomberg business news
President Trump is reportedly pushing ahead with new tariffs against China. Shawn Donnan reports.Markets: Balance of Power." (Source: Bloomberg)
Updated on

President Donald Trump instructed aides on Thursday to proceed with tariffs on about $200 billion more in Chinese products despite his Treasury secretary’s attempt to restart talks with Beijing to resolve the trade war, according to four people familiar with the matter.

But an announcement of the new round of tariffs has been delayed as the administration considers revisions based on concerns raised in public comments, the people said. Trump may be running low on products he can target without significant backlash from major U.S. companies and consumers, two of the people said.