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U.S. Readies New Tariffs as Trump Says He’ll Meet China’s Xi

  • USTR releases list of $300 billion in products to be taxed
  • Trump warns Beijing to limit retaliation against U.S. actions
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Federal Reserve Bank of New York President John Williams says higher tariffs will impact growth and inflation.Source: Bloomberg
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The U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.

The U.S. Trade Representative’s office Monday released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff.