- The Washington Post reports: "President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed to fulfill his campaign pledge to clamp down on what he considers unfair Chinese trading practices. But his calls for billions in tariffs could complicate his efforts to maintain China's support in his negotiations with North Korea.Trump met Thursday with several Cabinet members and trade advisers and was expected to impose tariffs on at least $35 billion to $40 billion of Chinese imports, according to an industry official and an administration official familiar with the plans. The amount of goods could reach $55 billion, said the industry official... If the president presses forward as expected, it could set the stage for a series of trade actions against China and lead to retaliation from Beijing."
- CNBC reports: "China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods. Washington and Beijing appeared increasingly to be headed toward a trade war after several rounds of negotiations failed to resolve U.S. complaints over Chinese industrial policy, market access, and a $375 billion trade gap. "If the United States takes unilateral, protectionist measures, harming China's interests, we will quickly react and take necessary steps to resolutely protect our fair, legitimate rights," Chinese Foreign Ministry spokesman Geng Shuang told a regular daily news briefing. Trump was due to give details later on Friday of a revised list of 800 product categories, down from 1,300, according to an administration official and an industry source familiar with the list."
CNN reports: "Garry Hartman hoped tariffs would save the factory he runs in Berwick, Pennsylvania. Now he's not so sure. Hartman is the president of Cheetah Chassis, a 170-person company that for decades has made container chassis, the steel frames used to transport shipping containers across the country... Over the past 10 years, Cheetah has steadily been pushed out of the US market by a Chinese state-backed company, which Hartman believes gets unfair support from Beijing... Hartman voted for Donald Trump in 2016. He did so hoping that as president, Trump would hit his Chinese competitor with tariffs to level the playing field. When the Trump administration announced earlier this spring that it would impose a 25% tariff on roughly 1,300 goods from China as punishment for intellectual property theft, Hartman was pleased — until he found out that container chassis hadn't made the government's initial list... "I'm just hoping that President Trump doesn't forget about the small companies and the little guys that helped put him in office," Hartman said. "He'll have a hard time if he doesn't help us.""
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- The Washington Post Tough US tariffs on China could begin as early as Friday
- Reuters Trump announces 25 percent tariff on Chinese technology
- CNBC China promises fast response as Trump readies tariffs
- The Wall Street Journal China Issues Retaliatory Tariffs as Trade Fight Heats Up
- CNN China: 'The US has launched a trade war'
- The New York Times U.S. to Put Tariffs on Chinese Goods, Drawing Vow of Retaliation as Trade Fight Widens
- CNN Trump announces tariffs on $50 billion worth of Chinese goods
- CNBC Following reports of a deal, Qualcomm-NXP are said to still be waiting for a China nod: Sources
- CNBC US farmers 'nervous,' as China threat of 25 percent tariffs on soybeans could cause pain
- The Wall Street Journal U.S. Airlines Unbowed by Beijing's Demand to Call Taiwan Part of China
- Fox News Bill passage seen as increasing China's hold over Hong Kong
- CNN China's Didi launches in Australia, expanding battle with Uber
- CNN China is killing his business. Tariffs could make or break it
- Quartz Zimbabwe is trying to transform itself into a leading tech hub with China's help
- Variety China's Theme Park Biz Heading for Bumpy Ride
- Seeking Alpha China's Hatches Further Battened
- Axios How China is building its own Hollywood
- The Washington Post Trump's tariffs are already backfiring
- Bloomberg Trump Tariff Paradox Glimpsed in China's Abyss
- CNN China's forgotten village swallowed by nature